SEBI Prescribes Framework for New Corporate Debt Market Development Fund (CDMDF) Category
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- Last Updated on 29 July, 2023
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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.
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