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YES Bank crisis: Sebi may impose curbs on MFs' exposure to perpetual bonds

According to the data sourced from, MFs' exposure to the AT-1 bonds - also called perpetual bonds - stood at Rs 37,687 crore as of January 31, 2020

YES Bank | Sebi | Mutual Funds

Jash Kriplani  |  Mumbai 

Classified as a quasi-equity instrument, the AT-1 bonds are intended to provide additional cushion to a bank’s overall capital adequacy

The Securities and Exchange Board of India (Sebi) is likely to impose limits on debt mutual funds’ (MFs’) exposure to the additional tier-I (AT-1) bonds, with the crisis putting the spotlight on equity-like risks involved in such instruments, according to people in the know.



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First Published: Wed, March 11 2020. 01:25 IST