Sebi asks MFs to give mark-to-market value of securities

Market regulator the Securities and Exchange Board of India (Sebi) today asked the mutual fund providers to give current market values of all debt and money market securities with residual maturity of 91 days.

At present, only debt securities above 182 days of maturity are subject to mark-to-market norms, that assigns current market value to these instruments.

Sebi's directions will come into effect from July 1.

Money market securities are short term instruments like treasury bills.