Sebi Extends Mutual Fund Intraday Borrowing Deadline to July 15

• Markets regulator Sebi defers implementation of mutual fund intraday borrowing guidelines to July 15, 2026.
• The framework, allowing mutual funds to borrow from financial institutions, was initially set for April 1.
• Extension addresses operational challenges raised by asset management companies (AMCs).
• New framework requires AMC and trustee boards to approve a policy for intraday borrowing, to be disclosed on the AMC's website.
• Intraday borrowings are restricted to specific purposes like unit repurchases, redemptions, and IDCW payouts, not exceeding guaranteed receivables.