Photo: iPleaders Blog

Fund Houses Must Contribute To LPCC As Per FY21 Asset Under Mgmt: SEBI

Securities market regulator SEBI has urged the fund houses to contribute to Limited Purpose Clearing Corporation (LPCC) in a newly revised formula framed in FY 2020-21. Reportedly, the contributions now includes assets in conservative hybrid funds while excluding assets in gilt funds and overnight funds. Earlier, the formula was in accordance to the rules framed in FY 2019-20. Notably, contributions to LPCC improves liquidity in corporate… read-more

Wed, 07 Apr 2021 - 11:34 AM / by Ronit John

Tags: SEBI, Companies, Corporate Debt Securities Market, Funds

Courtesy: Mint