SEBI caps MF investment in perpetual bonds, sets new valuation norm

Mutual funds have been directed to value perpetual bonds bonds on the assumption that these would be redeemed after 100 years essentially leading to steep losses in the near term.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/sebi-caps-mf-investment-in-perpetual-bonds-sets-new-valuation-norm/articleshow/81443991.cms