News From Press Backstop fund facility will shield debt MF investors from fire sale

Backstop fund facility will shield debt MF investors from fire sale

Source: Business Standard Aug 4, 2023

In a move aimed at fortifying debt mutual funds (MFs) and enhancing investor protection, Finance Minister Niramala Sitharaman launched the Corporate Debt Market Development Fund (CDMDF) on July 28. The Securities and Exchange Board of India (Sebi) also issued detailed guidelines for this fund last week. CDMDF is yet another step, alongside a couple of others, towards making debt MFs safer for investors.

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