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<h1>Corporate Debt Market Fund Units Offered to Asset Managers Under SEBI (Mutual Funds) Regulations, 1996; Minimum Investment Required</h1> Units of the Corporate Debt Market Development Fund are to be offered to Asset Management Companies and specified debt-oriented mutual fund schemes, as per the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996. These entities must invest in accordance with these regulations. Additionally, the Manager or Sponsor must maintain a minimum investment of five crore rupees in the fund, ensuring this interest is not derived from waiving management fees. This regulation was introduced through a notification issued on June 15, 2023.