The Securities and Exchange Board of India has issued an addendum to its circular on borrowing by mutual funds, postponing the applicability of the intraday borrowing guidelines to 15 July 2026. The intraday provisions were originally set out in clause 4 of the 13 March 2026 circular and incorporated as clause 5.9.1 of the SEBI Master Circular for Mutual Funds. The deferral is intended to address operational challenges raised by asset management companies in relation to intraday borrowings. The addendum was issued under section 11(1) of the Securities and Exchange Board of India Act, 1992, read with regulation 77 of the SEBI (Mutual Funds) Regulations, 1996.
Securities & Exchange Board of India 2026-03-25
Securities and Exchange Board of India defers mutual fund intraday borrowing guidelines until 15 July 2026
The Securities and Exchange Board of India has postponed the applicability of intraday borrowing guidelines for mutual funds to 15 July 2026, addressing operational challenges raised by asset management companies. This deferral pertains to clause 4 of the 13 March 2026 circular, now incorporated as clause 5.9.1 of the SEBI Master Circular for Mutual Funds. The addendum was issued under section 11(1) of the SEBI Act, 1992, and regulation 77 of the SEBI (Mutual Funds) Regulations, 1996.