SEBI Prescribes Framework for New Corporate Debt Market Development Fund (CDMDF) Category

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  • Last Updated on 29 July, 2023

Corporate Debt Market Development Fund

Circular No. SEBI/HO/IMD/PoD2/P/CIR/2023/128, Dated: 27.07.2023

Earlier, the SEBI on June 15, 2023, notified a new category of the Alternative Investment Fund (AIF) named Corporate Debt Market Development Fund (CDMDF). Now the SEBI has prescribed a detailed framework for the same.

The CDMDF shall comply with the Guarantee Scheme for Corporate Debt (GSCD) as notified by MoF. The CDMDF shall deal only in low duration G-sec, Treasury bills, Tri-party Repo on G-sec, and Guaranteed corporate bond repo with maturity not exceeding 7 days.

Click Here To Read The Full Circular

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