Board Meet
Investment advisers, analysts can use select MFs for deposit compliance, says SEBI
This story was originally published at 21:47 IST on 18 June 2025
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--SEBI OKs use of liquid MF for deposit requirement by investment advisers
--SEBI OKs use of liquid MF for deposit requirement by research analysts
--SEBI OKs use of overnight MF for deposit requirement by invest advisers
--SEBI OKs use of overnight MF as deposits by research analysts
NEW DELHI – The Securities and Exchange Board of India's board on Wednesday approved a proposal that will allow investment advisers and research analysts to use liquid mutual funds and overnight mutual funds to comply with deposit requirement rules. They can use these mutual funds in addition to bank deposits to comply with the norms, SEBI said in a press release.
Investment advisers and research analysts are mandated to maintain a deposit with a scheduled bank which would be lien marked to the Administration and Supervisory Body. Following the board meeting, SEBI approved use of liquid mutual funds and overnight mutual funds on which lien can be marked.
"The operation of lien and invocation of lien on units of liquid mutual fund remains within the securities market ecosystem bringing in more efficiency," SEBI said in its release. End
Reported by Anand JC
Edited by Ashish Shirke
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