https://www.taxtmi.com/circulars?id=57842 Permits mutual funds to hedge debt portfolio interest rate risk using Interest Rate Futures on a weighted average modified duration basis with a formulaic limit on short positions; allows imperfect hedging exempt from gross exposure up to 20% of scheme net assets provided correlation with the IRF is at least 0.9 (measured over prior 90 days), rebalancing occurs within five working days upon deviation, and net modified duration of the hedged portion remains non negative; excess hedging must be included in gross exposure and scheme characteristics must not be altered. en-us Wed, 27 Sep 2017 00:00:00 +0530 Fri, 30 Nov 2018 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57842 Permits mutual funds to hedge debt portfolio interest rate risk using Interest Rate Futures on a weighted average modified duration basis with a formulaic limit on short positions; allows imperfect hedging exempt from gross exposure up to 20% of scheme net assets provided correlation with the IRF is at least 0.9 (measured over prior 90 days), rebalancing occurs within five working days upon deviation, and net modified duration of the hedged portion remains non negative; excess hedging must be included in gross exposure and scheme characteristics must not be altered. Circulars SEBI Wed, 27 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57842