What organisation is responsible for creating the 'Corporate Debt Market Development Fund' ?
Securities and Exchange Board of India ( SEBI )
2023 April
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A corporate debt market development fund will be established by SEBI as an alternative investment vehicle. The Corporate Debt Market Development Fund will be established with a Rs. 3000 crore starting corpus. When things become tough, it will serve as a backup mechanism for purchasing investment-grade corporate debt securities.