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Sebi Tightens Investment Caps for Debt Funds

Sebi Tightens Investment Caps for Debt Funds
Mumbai: The Securities and Exchange Board of India (Sebi) on Monday lowered the amount of corporate debt that mutual funds can hold in individual companies and sectors to prevent investors from potentially damaging over-exposure. The rules are in response to market turmoil last year when a unit of JP Morgan in India suffered significant mark-to-market losses after a big investment in the debt by Amtek Auto Ltd soured when the auto p...
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