Question 9 A Mutual Fund has launched a new scheme "All Purpose Scheme" The Mutual Fund's Asset management company wishes to invest 25% of the NAV of the Scheme in an unrated debt instrument of a company Y Ltd. which has been paying above average returns for the past many years. The promoters of the company seek your professional advice in light of the Regulations of SEBI. Will the position change in case the debt instruments of the company Y Lid., is a rated. (4 Marks, May, 2014) Question 9 A Mutual Fund has launched a new scheme "All Purpose Scheme" The Mutual Fund's Asset management company wishes to invest 25% of the NAV of the Scheme in an unrated debt instrument of a company Y Ltd. which has been paying above average returns for the past many years. The promoters of the company seek your professional advice in light of the Regulations of SEBI. Will the position change in case the debt instruments of the company Y Lid., is a rated. (4 Marks, May, 2014)