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Mfs Sore Over Foreign Debt Investment Rider

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BUSINESS STANDARD
Last Updated : Jan 28 2013 | 12:58 AM IST

Mutual funds (MFs), which plan to invest in overseas rated securities of countries with fully convertible currencies, are not happy with the stipulations made by the Securities and Exchange Board of India (Sebi) that investments should be in only in AAA-rated securities and sovereign instruments.

As per the guidelines issued by Sebi, in consultation with the central bank, in March this year,

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