SEBI allows brokers to invest clients’ fund in overnight MF schemes
Banking & Finance
Brokers and clearing members should ensure that the overnight schemes invest only in government bond, overnight repo markets and overnight Tri-party Repo Dealing and Settlement (TREPS). Such Mutual Fund Overnight Schemes (MFOS) units should be in dematerialised (demat) form and must necessarily be pledged with a clearing corporation at all times.
Brokers and clearing members should ensure that the overnight schemes invest only in government bond
dematerialised (demat) form and must necessarily be pledged with a clearing corporation at all times.
About SEBI (Securities and Exchange Board of India):
Founded: 12 April 1988
Founder: Government of India
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