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    <title>Addendum to SEBI Circular on Borrowing by Mutual Funds</title>
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    <description>Intraday borrowing guidelines for mutual funds under the borrowing framework have been deferred, and the relevant provisions in the master circular will now come into effect from July 15, 2026. The addendum addresses operational challenges raised by asset management companies and adjusts only the implementation timing, not the substantive borrowing framework.</description>
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