SEBI sets new rules for intraday borrowing by Mutual Funds from April 1; Investor safeguards tightened – Markets
The market regulator noted that mutual funds frequently encounter timing gaps between redemption payouts and the receipt of investment proceeds on settlement days. Typically, redemption payments to investors are processed in the morning of the T+1 settlement cycle, whereas funds from instruments such as TREPS and reverse repo transactions usually arrive later in the evening….
