SEBI classifies Corporate Debt Market Development Fund (CDMDF) as Category I Alternative Investment Fund

SEBI vide circular dated December 13, 2024 has notified classification of Corporate Debt Market Development Fund (CDMDF)as Category I Alternative Investment Fund. The fund has been set-up with the broader economic objective of development of corporate bond market, inter-alia, to act as a Backstop facility during times of market stress.

Therefore it is clarified that CDMDF falls under Category I AIF.

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