The shares of the GIC Housing Finance was seen trading higher by 1.70% at Rs 98.50 on BSE at 12.05 pm IST. It touched intra-day high of Rs 99.55.
Shares of HDFC was higher by 0.71% at Rs 755 on BSE. It touched intra-day high of Rs 756. The shares of the LIC Housing Finance was higher by 0.98% at Rs 273 on BSE. It touched intra-day high of Rs 276.
Dewan Housing Finance company shares was seen trading up by 1.59% at Rs 211 on BSE. It touched intra-day high of Rs 218.
SEBi said that "it has been decided that an additional exposure to financial services sector (over and above the existing 30%) not exceeding 10% of the net assets of the scheme in debt oriented mutual fund schemes will be allowed by way of increase in exposure to HFCs only, subject to the condition that such securities issued by HFCs are rated AA and above and these HFCs are registered with National Housing Bank (NHB). However, the total investment in HFCs cannot exceed 30% of the net assets of the scheme".
This move from SEBI is expected to give boost to housing finance companies with inflow of money, lowering funding costs.