With some mismatch in the financial defaults in the realty circuit a meeting was held by a group of selected mutual funds in domestic business with the Association of Mutual funds of India to sort out the issues of sold bonds and its instruments of fixed income as per the sources reported at www.propertykhazana.com.
Handling of some of the mutual dealings by the realty firms has some objection for the domestic MF groups and has asked for a clear view for better functioning of the deals in future. At present no such strict norms has been provoked to handle the mismatch of the bonds of mutual funds in investment. Sources reported at www.propertykhazana.com states that the case arose when a company was downing and it was compelled to sell its bond papers at the market which was against norms of the mutual funds.
Therefore the meeting was conducted to clarify from the central body, whether one should act provisionally looking to the downing condition of the firm or they should wait for the last back fall of the company and should act accordingly to its default holders. For more updates visit www.propertykhazana.com.
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