Prudential norms for liquidity risk management for open ended debt schemes

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... I) Sir/ Madam, Subject: Prudential norms for liquidity risk management for open ended debt schemes 1. SEBI vide circular SEBI/HO/IMD/DF3/CIR/P/2020/229 dated November 6, 2020 has specified norms regarding holding of liquid assets in open ended debt schemes stress testing of open ended debt schemes. 2. A committee was set up to deliberate on norms regarding holding of liquid asset .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... b. For asset allocation limits (applicable for Banking and PSU Bond Fund, Floater Fund, Credit Risk Fund and Corporate Bond Funds scheme categories in terms of SEBI circular on Categorization and Rationalization of Mutual Fund Schemes ) the base shall be considered as Net assets excluding the extent of minimum stipulated liquid assets i.e. 10%. Illustration in this regard is given as Annexure A. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... arket. Yours faithfully, Bithin Mahanta General Manager Tel no.: 022-26449634 Email: [email protected] Annexure A Name of scheme Current Asset Allocation (%) Revised Asset Allocation Banking and PSU Bond Fund Minimum investment in debt instruments of banks, Public Sector Un .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X