SEBI Extends Mutual Fund Intraday Borrowing Deadline to July 15

• SEBI defers implementation of guidelines for mutual fund intraday borrowing from financial institutions to July 15, 2026.
• The framework was initially set to be effective from April 1, 2026.
• 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 limited to specific purposes like unit repurchases, redemptions, and IDCW payouts, not exceeding guaranteed receivables.