Mumbai, June 19 -- SEBI Chairman Tuhin Kanta Pandey addressed the media during a press conference on the outcomes of the market regulator's board meeting in Mumbai on Friday, where a primary focus of the briefing centered on mutual fund liquidity.

Responding to a question from ANI on how allowing mutual funds to use intraday borrowing for settlement mismatches would help manage daytime liquidity without introducing unwanted leverage, Pandey explained that the framework prevents speculative risks.

He stated, "That we have already said that whatever intraday borrowing you will do, there will be no square odds in it. If you need money in the morning, your money is coming in the evening, so the money coming in the morning is coming in the e...