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          <h1>Mutual Funds Must Invest in Corporate Debt Market Development Fund per Regulation 43A of SEBI 1996.</h1> Regulation 43A of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 mandates that mutual funds invest a specified percentage of their net assets in units of the Corporate Debt Market Development Fund, as determined by the Board. Additionally, asset management companies of mutual funds must also invest a specified percentage of their assets under management in this fund. The term 'Corporate Debt Market Development Fund' is defined under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012. This provision was introduced through a notification effective from June 26, 2023.

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