Mutual Funds Exposure in HDFC's Debt Instrument at 3.9%

New Delhi: country‘s biggest loan company HDFC Ltd nowadays stated mutual budget publicity in its debenture and business papers is 3.nine in line with cent of general debt asset under control.

the overall Debt property underneath management (AUM) of mutual funds stood at Rs 8,eighty,672 croreon the cease of December 2015.

“Mutual budget invest in non-convertible debentures and industrial paper issued with the aid of HDFCconfined. As at December 31, 2015, the full amount invested by means of mutual price range in non-convertible debentures and business paper issued by means of HDFC confined is 3.nine in step with cent of the total debt AUM,” the enterprise stated in a declaration.

The unmarried provider limit stipulated by SEBI for mutual finances is 10 per cent of the internet assetvalue of a scheme, it stated.

the previous day, Sebi tightened its norms for mutual fundsexposure to riskier company bondsconsisting of through capping the investment limit in bonds of a single organisation at 10 per centwhich will shield hobby of buyers.

The single quarter exposure limit would additionally be diminished from 30 in keeping with cent to twenty-five in keeping with cent, while organizationlevel investment limits of 20-25 in step with centwere also been introduced for the mutual finances making an investment in debt securities.

similarly, it said, as in line with this records the exposure of mutual funds to NBFCs is Rs 1,31,391 crore which constitutes 14.9 according to cent of the AUM.

“The single area exposure limit stipulated through SEBI for mutual funds is 30 consistent with cent of the net asset value of a scheme for NBFCs (inclusive of five in line with cent for Housing Financeagencies),” it said.