Rs 800 crore still stuck in multiple segregated mutual fund portfolios

The steps are taken to ensure fair treatment to all investors affected by the security

Asset managers, who began the pandemic with multiple segregated portfolios, are fewer by nine thus far in 2021, even as greater regulatory clarity emerged on the handling of troubled schemes.

The Securities and Exchange Board of India (Sebi) said a simple majority of unitholders must consent to the wind-up of such schemes.  Mutual funds winding up because of the Covid-19 pandemic had contributed to a rise in the creation of segregated portfolios. The numbers have been gradually coming down since early 2020.

The total number of segregated portfolios in January was 35, reveals the data from the Association of Mutual Funds in