Clarification regarding investment of Mutual Funds Schemes in units of Corporate Debt Market Development Fund

SEBI vide circular dated September 06, 2023 has issued Clarification regarding investment of Mutual Funds Schemes in units of Corporate Debt Market Development Fund. It is clarified that for calculation of asset allocation limits of mutual fund schemes, investment in units of CDMDF shall be excluded from base of net assets.

This clarification is issued as per request of Association of Mutual Funds in India by interpreting Master Circular for Mutual Funds dated May 19, 2023.

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