https://www.taxtmi.com/circulars?id=62570 Liquid and overnight funds must maintain a minimum proportion of assets in liquid assets (cash, government securities, T bills, repo on government securities) and restore such exposure before further investments if it falls below the threshold. These funds are barred from parking monies in short term deposits of scheduled commercial banks and from investing in debt with structured obligation or credit enhancement ratings, except government guaranteed securities. AMCs cannot charge investment management or advisory fees for parking funds in short term deposits; NAV cut off for purchases is set earlier and an exit load applies to very short term redemptions on fresh investments. en-us Fri, 20 Sep 2019 00:00:00 +0530 Sat, 21 Sep 2019 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62570 Liquid and overnight funds must maintain a minimum proportion of assets in liquid assets (cash, government securities, T bills, repo on government securities) and restore such exposure before further investments if it falls below the threshold. These funds are barred from parking monies in short term deposits of scheduled commercial banks and from investing in debt with structured obligation or credit enhancement ratings, except government guaranteed securities. AMCs cannot charge investment management or advisory fees for parking funds in short term deposits; NAV cut off for purchases is set earlier and an exit load applies to very short term redemptions on fresh investments. Circulars SEBI Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62570