SEBI allowed debt mutual funds to invest an additional 10% of their
corpus in debt papers issued by housing finance companies (HFCs), over
and above the sectoral cap of 25%.
A
bill to provide tax incentives to the garment sector and enable the
government to raise customs duty on marble and granite from 10 to 40%
was approved by Lok Sabha. (BS)
SEBI allowed debt mutual funds to invest an additional 10% of their corpus in debt papers issued by housing finance companies (HFCs), over and above the sectoral cap of 25%. The move is aimed at channelising more funds into the affordable housing space, one of the focus areas for the government. Till now, debt funds were allowed to invest an additional 5% in debt papers issued by HFCs. (TOI)
SEBI allowed debt mutual funds to invest an additional 10% of their corpus in debt papers issued by housing finance companies (HFCs), over and above the sectoral cap of 25%. The move is aimed at channelising more funds into the affordable housing space, one of the focus areas for the government. Till now, debt funds were allowed to invest an additional 5% in debt papers issued by HFCs. (TOI)
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