SEBI has come out with a circular on prudential norms for liquidity risk management for open ended debt schemes wherein Association of Mutual Funds in India (AMFI) is advised to prescribe a suitable framework, in consultation with SEBI, for liquidity risk management for open ended debt schemes (except Overnight Fund, Gilt Fund and Gilt Fund with 10-year constant duration) within a period of 1 month from the date of issuance of this circular. The framework shall be adopted by all AMCs.SEBI has come out with a circular on prudential norms for liquidity risk management for open ended debt schemes wherein Association of Mutual Funds in India (AMFI) is advised to prescribe a suitable framework, in consultation with SEBI, for liquidity risk management for open ended debt schemes (except Overnight Fund, Gilt Fund and Gilt Fund with 10-year constant duration) within a period of 1 month from the date of issuance of this circular. The framework shall be adopted by all AMCs.taxmann.com Latest Statutory HappeningsRead More
