Mutual fund biz usual, meeting redemptions: Amfi

Industry body Amfi on Thursday said mutual fund houses have been able to manage day-to-day redemptions through orderly liquidation of portfolios due to acceptability of underlying securities in the secondary market and measures taken by regulator Sebi to deepen the debt market.

Amfi said steps taken by Sebi to deepen bond markets over the years have allowed normal functioning of markets and growth of debt mutual funds.

Sebi, over the years, has taken a number of steps to deepen the Indian securities market and bring it at par with global markets.

The Securities and Exchange Board of India (Sebi) in October 2019 in consultation with the Association of Mutual Funds in India (Amfi) and after the deliberation at the mutual fund advisory committee (MFAC) proposed calibrated reduction in limits for investment in unlisted securities in mutual fund schemes.

Further, listing guidelines were suitably modified to facilitate listing for instruments like commercial paper which hitherto were always