Concerned over mutual fund investors' exposure to distressed corporate bonds, markets regulator Sebi on Tuesday asked fund houses to be careful about such investments and said it has launched a wider scrutiny of the risks posed by such investment decisions.
Foreign institutional investors have reduced their holdings in 19 blue chip firms that are part of the 30-share benchmark Sensex during July-September quarter as they recast their portfolio on account of several domestic and global factors.
Retreating from two-month highs, the benchmark BSE Sensex Monday ended 108.85 points lower at 27,361.96 despite positive Asian cues on the back of China's interest rate cut as subdued quarterly numbers by heavyweights Bharti Airtel and HDFC Ltd failed to cheer investors.
Pitching for more transparency and disclosures with regard to exchange-traded funds (ETFs), SEBI chief U K Sinha Monday said the markets regulator is willing to make changes to norms regulating the financial product based on inputs from market players and experts.
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