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    <title>Intraday borrowing rules for mutual funds deferred, with the new applicability date set for July 15, 2026.</title>
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    <description>SEBI has deferred the effective date of the intraday borrowing guidelines for mutual funds, moving the applicability of clause 5.9.1 of the Master Circular to July 15, 2026. The addendum responds to operational challenges raised by asset management companies and preserves the borrowing framework already prescribed for mutual funds, while postponing implementation of the specific intraday borrowing requirements.</description>
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