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Passive schemes like equity oriented ETFs and Index Funds based...
Passive funds like ETFs & Index Funds can invest up to 35% in group cos of sponsor if based on approved indices. Rebalance in 60 days else restrictions.
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Passive schemes like equity oriented ETFs and Index Funds based on widely tracked and non-bespoke indices can invest up to 35% of net assets in group companies of sponsor. Widely tracked and non-bespoke indices are those tracked by passive funds or act as primary benchmark for actively managed funds with collective AUM of INR 20,000 Cr. and above. AMFI to publish list of such indices semi-annually after SEBI approval. Schemes not based on approved indices to rebalance within 30 business days, else justify to Investment Committee which can extend timeline by 30 days. AMCs not permitted to launch new schemes until rebalancing if timeline exceeded. No exit load on exiting investors in such cases.
Passive schemes like equity oriented ETFs and Index Funds based on widely tracked and non-bespoke indices can invest up to 35% of net assets in group companies of sponsor. Widely tracked and non-bespoke indices are those tracked by passive funds or act as primary benchmark for actively managed funds with collective AUM of INR 20,000 Cr. and above. AMFI to publish list of such indices semi-annually after SEBI approval. Schemes not based on approved indices to rebalance within 30 business days, else justify to Investment Committee which can extend timeline by 30 days. AMCs not permitted to launch new schemes until rebalancing if timeline exceeded. No exit load on exiting investors in such cases.
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