Sebi proposed allowing net fund settlement for mutual fund cash market trades. This move aims to ease temporary liquidity pressures and improve settlement efficiency. Mutual funds can now net purchase and sale funds within the same settlement cycle. Securities settlement will continue on a gross, delivery basis under the new proposal. This change addresses market participant feedback regarding liquidity and operational inefficiencies.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.
