Mutual fund participation in repos affirmed by corrigendum, confirming eligibility under governing mutual fund provisions. The corrigendum replaces Clause 1 of the earlier circular to clarify that Para 12.18 of the Master Circular on Mutual Funds permits mutual funds to participate in repo transactions in corporate bond securities, reaffirming the scope of eligible repo activity for mutual funds under the mutual fund regulatory framework.
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Provisions expressly mentioned in the judgment/order text.
Mutual fund participation in repos affirmed by corrigendum, confirming eligibility under governing mutual fund provisions.
The corrigendum replaces Clause 1 of the earlier circular to clarify that Para 12.18 of the Master Circular on Mutual Funds permits mutual funds to participate in repo transactions in corporate bond securities, reaffirming the scope of eligible repo activity for mutual funds under the mutual fund regulatory framework.
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