https://www.taxtmi.com/article/detailed?id=13241 The Corporate Debt Market Development Fund is a Category I AIF established as a closed ended trust to provide a backstop liquidity facility for specified debt oriented mutual fund schemes during market dislocation. It will purchase eligible listed, investment grade corporate debt securities meeting residual maturity and credit criteria, acquire securities in proportion to mutual fund contributions, hold to maturity or sell upon market recovery, observe investment limits and borrowing caps, maintain manager/sponsor continuing interest, follow mutual fund valuation norms, and meet governance, disclosure and SEBI approval requirements. en-us Mon, 23 Dec 2024 10:31:52 +0530 Mon, 23 Dec 2024 10:31:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13241 The Corporate Debt Market Development Fund is a Category I AIF established as a closed ended trust to provide a backstop liquidity facility for specified debt oriented mutual fund schemes during market dislocation. It will purchase eligible listed, investment grade corporate debt securities meeting residual maturity and credit criteria, acquire securities in proportion to mutual fund contributions, hold to maturity or sell upon market recovery, observe investment limits and borrowing caps, maintain manager/sponsor continuing interest, follow mutual fund valuation norms, and meet governance, disclosure and SEBI approval requirements. Articles Corporate Laws / IBC / SEBI Mon, 23 Dec 2024 10:31:52 +0530 https://www.taxtmi.com/article/detailed?id=13241