SEBI Liquid Fund Risk Management Framework 2019

Sun, 17 May 2026 00:00:00 +0000

The SEBI Liquid Fund Risk Management Framework, introduced through SEBI Circular SEBI/HO/IMD/DF2/CIR/P/2019/101 dated 20 September 2019, fundamentally restructured the operational and risk-management framework for Indian liquid mutual fund schemes. The framework was issued in response to the IL&FS Group default crisis of late 2018 and subsequent debt-fund credit events that had revealed structural risks in liquid-fund operations. The 2019 framework introduced multiple substantive changes including the 1:30 p.m. NAV cut-off (tightened from the prior 2 p.m.), the seven-day exit-load on early redemptions, the minimum 20 per cent in liquid assets portfolio composition requirement, the maturity-cap framework, and the Instant Access Facility (IAF) caps.

Parag Parikh Liquid Fund

Sat, 16 May 2026 00:00:00 +0000

The Parag Parikh Liquid Fund is an open-ended liquid scheme of PPFAS Mutual Fund , launched on 9 May 2018 by PPFAS Asset Management Private Limited as the second scheme in the AMC’s product line after the flagship Parag Parikh Flexi Cap Fund . It is a liquid mutual fund under the SEBI Mutual Funds Regulations 1996 , benchmarked to the CRISIL Liquid Debt B-I Index, and managed jointly by Tejas Soman, Aishwarya Dhar and Mansi Kariya, with all three operating from the PPFAS debt desk at the AMC’s Nariman Point headquarters.

Liquid Funds on WebNotes

SEBI Liquid Fund Risk Management Framework 2019

Parag Parikh Liquid Fund