Review of investment norms for mutual funds for investment in Debt and Money Market Instruments
Summary
This circular partially modifies investment limits for debt mutual funds in group companies' instruments. It allows grandfathering of excess investments made before October 1, 2019, until their maturity date. Additionally, it mandates the publication of group company lists by AMCs and AMFI on a quarterly basis.
Text
Investments in excess of limits made on or before October 1, 2019 may be grandfathered till maturity date as applicable on October 1, 2019.
All AMCs shall publish on their respective website a list of their group companies and those of their sponsor(s).
AMFI shall publish on its website a list of all group companies along with names and identifier of the respective group and sector.
The disclosures at paragraphs 2b and 2c above shall be made on 1st working day of each calendar quarter starting from January 1, 2020.
Source: SecMarx — Review of investment norms for mutual funds for investment in Debt and Money Market Instruments. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.