Sebi eases rule to boost fund supply to housing sector

MUMBAI: The Securities and Exchange Board of India (Sebi) has relaxed exposure norms for debt mutual funds investing in housing finance companies for better supply

MUMBAI: The Securities and Exchange Board of India (Sebi) has relaxed exposure norms for debt mutual funds investing in housing finance companies for better supply of funds to the low-cost housing sector. Debt mutual funds can now invest an additional 10% in housing finance companies above the 25% sectoral limit, the market regulator said. Sebi had earlier allowed a 5% additional limit for housing finance firms. The move also assumes significance in the wake of the Centre’s push for the low-cost housing sector.

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