The Securities and Exchange Board of India (Sebi) on Friday said qualified foreign investors (QFIs) would be allowed to invest in debt mutual funds that hold at least 25 per cent of their assets, either debt or equity, in the infrastructure sector.
This comes as a relaxation as QFIs were supposed to invest their entire $3 billion limit in infrastructure debt. Sebi also amended the QFI definition to include residents of countries, members of the Financial Action Task Force or signatories to IOSCO’s MMOU or a signatory of a bilateral MoU with Sebi.