News From Press FM Nirmala Sitharaman inaugurates backstop facility for mutual funds

FM Nirmala Sitharaman inaugurates backstop facility for mutual funds

Source: Financial Express Jul 29, 2023

Finance Minister Nirmala Sitharaman on Friday inaugurated the Corporate Debt Market Development Fund (CDMDF) and initiated the muhurat trading in the Limited Purpose Clearing Corporation mechanism — AMC Repo Clearing Limited (ARCL).

The objective of both initiatives is to deepen the functioning of the corporate debt markets.

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