A kind request in the larger interest of #investors to @SEBI_India that if possible a forensic audit of all #MutualFund #portfolios where-in #Debt #investment is there can be done. It will help them to redevelop the kind of trust each #investor had in #Debt #mutualfunds! (1/n)
We believe that if this forensic audit is made mandatory in every 3 years for all #MutualFunds which has made any % of #investment in #Debt papers. It will ensure that events of past that are still ongoing will not happen. (2/n) @monikahalan @rohankaviraj @bsindia @IamMisterBond
Pleased to see that our regulator @SEBI_India has now issued circular yesterday pertaininig to 'Potential Risk Class Matrix for debt schemes based on Interest Rate Risk & Credit Risk' with effect from Dec 1, 2021, for all the
existing & new debt schemes. (3/n) #mutualfunds
existing & new debt schemes. (3/n) #mutualfunds
Accordingly, debt schemes will also be classified in terms of a Potential Risk Class matrix consisting of parameters based on max. interest rate risk (measured by Macaulay Duration (MD) of the scheme) & max. credit risk (measured by Credit Risk Value
(CRV) of the scheme) (4/n)
(CRV) of the scheme) (4/n)
As certain parameters of risk are well defined so that the fund mgmt. team enacts accordingly. Though regular audit & other pointers are already laid down by @SEBI_India. The proposed 'Mandatory Forensic Audit' every 3 yrs will doubly ensure & put things in perspective. (5/n)
Kindly, share your inputs (if any) on the above thread..🙏 @IamMisterBond @monikahalan @ActusDei @AmitMTrivedi @SandeepParekh @ananthng @ShyamalMajumdar @kaul_vivek @bsindia @livemint @businessline @BloombergQuint @HWNewsEnglish @sujitnair90 @
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