CURRENT AFFAIRS : BANKING & FINANCE
SEBI revealed framework for corporate debt market development fund
- Capital markets regulator Securities and Exchange Board of India (SEBI) came out with an exhaustive framework for the Corporate Debt Market Development Fund (CDMDF).
- Under the CDMDF, mutual funds will have to contribute 25 basis points (bps) of the specified debt asset under management (AUM) to the fund.
