Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Market / Stock-market-news/  Sebi asks AMCs for monthly stress tests
BackBack

Sebi asks AMCs for monthly stress tests

The tests will be on their liquid and money market mutual funds for better risk management

A file photo of the Sebi office in Mumbai. Photo: MintPremium
A file photo of the Sebi office in Mumbai. Photo: Mint

Mumbai: Capital market regulator Securities and Exchange Board of India (Sebi) on Thursday made it mandatory for asset management companies to do monthly stress tests on their liquid and money market mutual funds for better risk management.

The risk parameters for the stress test will include interest rate risk, credit risk and liquidity and redemption risk. While conducting the test, the fund houses will have to evaluate the impact of these risk parameters on the scheme’s net asset value, Sebi said in a note.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Anirudh Laskar
Anirudh reports on significant corporate matters including large mergers and acquisitions, India's emerging e-commerce sector and regulatory issues in the corporate and financial services industry. Over the past 17 years, he has covered many beats including banking, NBFCs, aviation, automobile, insurance, markets, SEBI, IRDAI, mutual funds, investment banking, private equity, deals, and conglomerates.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 30 Apr 2015, 05:29 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App