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<h1>Investment restrictions: mutual funds face borrowing limits, loan prohibition, and metal specific rules for exchange traded funds.</h1> Regulation 44 imposes investment restrictions subject to the Seventh Schedule with exceptions for gold and silver ETFs, requires dematerialised settlement for mutual funds meeting an aggregate securities threshold, confines borrowing to short-term liquidity for repurchases/redemptions and distributions with limits on amount and duration, prohibits advancing loans except as expressly provided, and permits securities lending and borrowing only under the Board's specified framework.