Question
What is the primary objective of the Corporate Debt
Market Development Fund (CDMDF), as per SEBI Annual Report 2023-24? ÂSolution
Providing a backstop facility for mutual funds during market stress  The CDMDF was established as a standby institution to buy investment-grade debt securities from mutual funds during periods of market stress. This initiative aims to boost investor confidence, enhance secondary market liquidity, and ensure stability in the corporate bond market. Â
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