Passive breach timelines extend to all passive deviations for actively managed mutual fund schemes under SEBI rules. Timelines for rebalancing prescribed under paragraph 2.9 of the Master Circular shall apply to all passive breaches in the portfolios of actively managed mutual fund schemes. Passive breaches-resulting from corporate actions, price movements, maturities, large redemptions, etc.-are distinguished from active breaches, and will be addressed through the existing rebalancing framework while maintaining other prudential limits and regulatory treatment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Passive breach timelines extend to all passive deviations for actively managed mutual fund schemes under SEBI rules.
Timelines for rebalancing prescribed under paragraph 2.9 of the Master Circular shall apply to all passive breaches in the portfolios of actively managed mutual fund schemes. Passive breaches-resulting from corporate actions, price movements, maturities, large redemptions, etc.-are distinguished from active breaches, and will be addressed through the existing rebalancing framework while maintaining other prudential limits and regulatory treatment.
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