MUMBAI : The Securities and Exchange Board of India (sebi) on Thursday eased the valuation policies for debt mutual funds.
Under the eased norms the valuation agencies can take a call of not terming a paper as default if the delay in payment of interest or extension in maturity is due to Covid-19 related lockdown. "In view of the nationwide lockdown and the three-month moratorium/ deferment on payment permitted by RBI (Reserve Bank of India), a differentiation in treatment of default, on a case to case basis, needs to be made as to whether such default occurred solely due to the lockdown or loan moratorium," said Sebi in the circular.