Circular regarding use of liquid mutual funds and overnight mutual funds for compliance with deposit requirement by Investment Advisers and Research Analysts

Updated on: 12th Aug, 2025

location Central 
The Securities and Exchange Board of India vide circular no. SEBI/HO/MIRSD/ MIRSD-PoD/P/CIR/2025/116 stated that Investment Advisers (IAs) and Research Analysts (RAs) are now allowed to use liquid or overnight mutual funds as an alternative to bank deposits to meet their deposit requirements and comply with the deposit requirements by 30th September 2025. This circular shall come into force from 12th August 2025. Please refer the circular for more details.
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