Sep 30, 2025

SEBI Permits Use of Liquid and Overnight Mutual Funds for Deposit Requirements

SEBI has, by way of a Circular dated August 12, 2025 on ‘Use of liquid mutual funds and overnight mutual funds for compliance with deposit requirement by Investment Advisers and Research Analysts’, permitted investment advisers (‘IA’) and research analysts (‘RA’) registered with SEBI to maintain their statutory deposit with the Investment Adviser Administration and Supervisory Body (‘IAASB’) or the Research Analyst Administration and Supervisory Body (‘RAASB’) in the form of liquid  mutual funds and overnight mutual funds, as an option to the earlier requirement of maintaining a bank deposit marked as lien in favour of the IAASB or the RAASB, as applicable.

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