https://www.taxtmi.com/circulars?id=66674 Creation of CDMDF as a close-ended backstop facility to purchase listed investment-grade corporate debt (including money market instruments) with residual maturity up to five years from specified debt-oriented mutual fund schemes during SEBI-declared market dislocation. Specified schemes must invest a fixed fraction of their AUM in CDMDF units with incremental top-ups as AUM grows; AMCs make a one-time contribution tied to their schemes' AUM. Sellers receive predominantly cash and a portion in units that bear first-loss risk. Contributions are locked-in, access is proportional to holdings, and CDMDF investments are excluded from certain risk and maturity calculations. en-us Thu, 27 Jul 2023 00:00:00 +0530 Thu, 27 Jul 2023 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66674 Creation of CDMDF as a close-ended backstop facility to purchase listed investment-grade corporate debt (including money market instruments) with residual maturity up to five years from specified debt-oriented mutual fund schemes during SEBI-declared market dislocation. Specified schemes must invest a fixed fraction of their AUM in CDMDF units with incremental top-ups as AUM grows; AMCs make a one-time contribution tied to their schemes' AUM. Sellers receive predominantly cash and a portion in units that bear first-loss risk. Contributions are locked-in, access is proportional to holdings, and CDMDF investments are excluded from certain risk and maturity calculations. Circulars SEBI Thu, 27 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66674