SEBI reverses decision on unlisted NCDs
Aug 22 2019
News Category: Regulatory Updates
Securities and Exchange Board of India revoked its decision of disallowing debt mutual funds to invest in unlisted non-convertible debentures (NCDs). In its board meeting, the regulator offered flexibility to invest a maximum of 10% of the portfolio in such instruments based on certain conditions. The decision will be implemented in phases by Jun 2020.