Chapter VIII - NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDS (From Regulation 43 to Regulation 46)
Mutual fund borrowing limits and liquidity exceptions govern temporary borrowing, intraday funding, and securities lending arrangements. Mutual funds may borrow only for specified temporary liquidity needs, including redemption or repurchase obligations, payout-related payments, and certain trade settlement requirements, subject to the Board's framework. Such borrowing must not exceed twenty per cent of the scheme's net assets and must not continue beyond six months. Intraday borrowing is permitted for timing mismatches between inflows and outflows, subject to prescribed conditions. Mutual funds are otherwise prohibited from advancing loans, but may lend and borrow securities under the Board's securities lending and borrowing framework.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Mutual fund borrowing limits and liquidity exceptions govern temporary borrowing, intraday funding, and securities lending arrangements.
Mutual funds may borrow only for specified temporary liquidity needs, including redemption or repurchase obligations, payout-related payments, and certain trade settlement requirements, subject to the Board's framework. Such borrowing must not exceed twenty per cent of the scheme's net assets and must not continue beyond six months. Intraday borrowing is permitted for timing mismatches between inflows and outflows, subject to prescribed conditions. Mutual funds are otherwise prohibited from advancing loans, but may lend and borrow securities under the Board's securities lending and borrowing framework.
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