Minimum percentage of trades carried out by mutual funds through RFQ platform

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..... (AMFI) Sir/ Madam, Subject: Minimum percentage of trades carried out by mutual funds through RFQ platform 1. SEBI, vide circular SEBI/HO/IMD/DF3/CIR/P/2020/130 dated July 22, 2020, has mandated mutual funds to undertake at least 10% of their total secondary market trades in Corporate Bonds through RFQ platform of stock exchanges. 2. Based on the recommendations of Mutual Fund Advi .....

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..... average of secondary trades by value in immediate preceding three months on rolling basis. 3. All other conditions specified in the above mentioned circular remain unchanged. 4. Mutual Funds are permitted to accept the Contract Note from the brokers for transactions carried out in One to One (OTO) and One to Many (OTM) modes of RFQ platform. Applicability of the circular 5. This circ .....

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