Interest price swap: New Sebi norms for mutual fund schemes

Markets regulator Sebi on Friday issued contemporary tips for participation of mutual fund schemes in rate of interest swap, a spinoff product.
Mutual funds can enter into plain vanilla Interest Rate Swaps (IRS) for hedging functions.
The worth of the notional principal in such instances should not exceed the worth of respective present belongings being hedged by the scheme.
In one other growth, the Securities and Exchange Board of India (Sebi) prolonged the deadline until July 20, from June 20 earlier, for submitting public feedback on the solutions made by the technical group on social inventory change within the wake of ongoing coronavirus pandemic.