https://www.taxtmi.com/circulars?id=60415 Mutual funds may invest pending scheme funds in short-term deposits of scheduled commercial banks, but such placements must be reported to trustees with stated reasons, including a comparison of interest rates offered by other scheduled commercial banks; AMCs must record these reasons in the manner prescribed by the earlier circular, as required under the mutual fund regulatory framework. en-us Wed, 12 Nov 2003 00:00:00 +0530 Fri, 29 Mar 2019 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60415 Mutual funds may invest pending scheme funds in short-term deposits of scheduled commercial banks, but such placements must be reported to trustees with stated reasons, including a comparison of interest rates offered by other scheduled commercial banks; AMCs must record these reasons in the manner prescribed by the earlier circular, as required under the mutual fund regulatory framework. Circulars SEBI Wed, 12 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60415