Daily DII flow data set to be more transparent; Sebi eases Invit norms

The National Securities Depository Limited (NSDL) on Monday said it will begin disseminating daily trends in domestic institutional investor (DII) investments under an initiative undertaken in coordination with custodians and the Securities and Exchange Board of India (Sebi). The depository will publish category-wise investment data for mutual funds, alternative investment funds (AIFs), banks, insurance companies, and other domestic institutions. The reporting framework has been modelled on the existing daily disclosure mechanism for foreign portfolio investors (FPIs), aiming to improve standardisation and transparency in market data dissemination. At present, NSDL publishes daily investment data only for mutual funds, while stock exchanges report aggregate DII flows on a provisional basis. 

Sebi plans easing Invit distribution norms 

The Securities and Exchange Board of India (Sebi) has proposed a relaxation in distribution rules for infrastructure investment trusts (Invits), allowing road-focused Invits to factor in debt-funded major maintenance expenses while calculating cash available for distribution to unitholders. The move looks to address a long-standing industry concern. In a consultation paper released on Monday, the regulator proposed permitting Invits and their underlying special purpose vehicles (SPVs) to add back payments made towards major maintenance (MM) expenses for road projects, provided such expenses meet a set of requirements. Under the existing framework, Invits are prohibited from using borrowed funds for distributions to unitholders 

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