https://www.taxtmi.com/circulars?id=58387 Mutual funds may undertake repos in corporate debt securities subject to RBI directions and SEBI approval, with each scheme's gross exposure to such repos capped at 10% of net assets and cumulative exposure (repos plus equity, debt and derivatives) not exceeding 100% of net assets. Repos are restricted to AAA-rated corporate debt securities and repo borrowing tenors cannot exceed six months. Trustees and AMCs must adopt guidelines on counterparty category and rating, collateral tenor and haircuts, comply with the Seventh Schedule where applicable, and disclose repo transaction details in half-yearly portfolio statements, trustee reports and the Scheme Information Document. en-us Fri, 11 Nov 2011 00:00:00 +0530 Sat, 15 Dec 2018 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58387 Mutual funds may undertake repos in corporate debt securities subject to RBI directions and SEBI approval, with each scheme's gross exposure to such repos capped at 10% of net assets and cumulative exposure (repos plus equity, debt and derivatives) not exceeding 100% of net assets. Repos are restricted to AAA-rated corporate debt securities and repo borrowing tenors cannot exceed six months. Trustees and AMCs must adopt guidelines on counterparty category and rating, collateral tenor and haircuts, comply with the Seventh Schedule where applicable, and disclose repo transaction details in half-yearly portfolio statements, trustee reports and the Scheme Information Document. Circulars SEBI Fri, 11 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58387