Can a mutual fund interest in SGB

Can a mutual fund interest in SGB?

Excerpt from RBIs FAQs related to SGBs

Who is eligible to invest in the SGBs?

Persons resident in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB. Eligible investors include individuals, HUFs, trusts, universities and charitable institutions. Individual investors with subsequent change in residential status from resident to non-resident may continue to hold SGB till early redemption/maturity.

So mutual funds not eligible?

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