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Govt fund to buy corporate bonds in market stress to boost liquidity.

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Full Text of the Document

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....The Corporate Debt Market Development Fund (CDMDF) has been classified as a Category I Alternative Investment Fund under Regulation 3(4)(a) of the SEBI (Alternative Investment Funds) Regulations, 2012. CDMDF was set up under Chapter III-C to act as a backstop facility for purchasing investment grade corporate debt securities during market stress periods to enhance secondary market liquidity. Despite having a separate framework under Regulation 19, CDMDF falls under Category I AIF given its broader economic objective of developing the corporate bond market.....