The existing framework under the Mutual Funds Regulations already permits limited intraday borrowings with safeguards such as board approved policies, ring-fencing of assets, and AMC borne borrowing costs. The new proposal allow intraday borrowings for broader operational purposes, permitting borrowings beyond guaranteed receivables, and allowing borrowing amounts to exceed receivables provided overnight borrowing limits remain within regulatory caps. It emphasized that all intraday borrowings must be extinguished by the end of the day or converted into permissible overnight borrowings under statutory limits. The feedback/comments from stakeholders are invited.