CIRCULAR
SEBI/HO/IMD/IMD PoD-2/P/CIR/2023/87 June 13, 2023
All Mutual Funds (MFs)/
Asset Management Companies (AMCs)/
Trustee Companies/ Board of Trustees of Mutual Funds/
Association of Mutual Funds in India (AMFI)
Sir/Madam,
Sub: Corrigendum to Circular on Participation of Mutual funds in repo
transactions on Corporate Debt Securities dated June 8, 2023
1. Reference is drawn to SEBI Circular SEBI/HO/IMD/IMD PoD-2/P/CIR/2023/85
dated June 8, 2023 on “Circular on Participation of Mutual funds in repo
transactions on Corporate Debt Securities”
2. Clause 1 of the abovementioned circular shall be replaced as follows:
“Para 12.18 of SEBI Master Circular on Mutual Funds dated May 19, 2023 allows
Mutual funds to participate in repos in corporate bond securities.”
3. This circular is issued in exercise of powers conferred under Section 11 (1) of the
Securities and Exchange Board of India Act, 1992, read with the provisions of
Regulation 77 of SEBI (Mutual Funds) Regulations, 1996, to protect the interests
of investors in securities and to promote the development of, and to regulate the
securities market.
Yours faithfully,
Lakshaya Chawla
Deputy General Manager
Tel. No.022-26449369
lakshayac@sebi.gov.in
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