https://www.taxtmi.com/circulars?id=59528 The circular mandates portfolio level application of a concentration limit, with scheme average net assets computed daily and investor holdings averaged daily to detect breaches. Breaches are assessed over the quarter; a one month rebalancing period is permitted, followed by a 15 day notice to redeem excess exposure. If unredeemed, the mutual fund will effect automatic redemption at the applicable Net Asset Value on the 15th day. en-us Tue, 14 Jun 2005 00:00:00 +0530 Sat, 09 Feb 2019 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59528 The circular mandates portfolio level application of a concentration limit, with scheme average net assets computed daily and investor holdings averaged daily to detect breaches. Breaches are assessed over the quarter; a one month rebalancing period is permitted, followed by a 15 day notice to redeem excess exposure. If unredeemed, the mutual fund will effect automatic redemption at the applicable Net Asset Value on the 15th day. Circulars SEBI Tue, 14 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59528