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of <h1>SEBI Clarifies 25% Holding Limit in Mutual Funds: Daily Asset Monitoring and Rebalancing Guidelines for Investor Protection.</h1> The Securities and Exchange Board of India (SEBI) issued a circular addressing the minimum number of investors in mutual fund schemes. The circular clarifies that the 25% holding limit by an investor applies at the portfolio level. The average net assets are calculated daily to monitor breaches of this limit. If a breach occurs over a quarter, a one-month rebalancing period is allowed, followed by a 15-day notice for the investor to redeem excess holdings. Failure to comply results in automatic redemption. These guidelines aim to protect investors and regulate the securities market, supplementing a previous circular from December 12, 2003.
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