https://www.taxtmi.com/circulars?id=65471 Timelines require schemes (excluding overnight, index and ETFs as specified) to rebalance mandated asset allocations within a prescribed business-day period for passive breaches; the Investment Committee may extend timelines on written justification. Failure to rebalance after mandated plus extended periods leads to restrictions on launching new schemes and prohibition on levying exit load for investors exiting affected schemes. AMCs must report deviations to trustees at each stage and, where the deviated portfolio exceeds a specified proportion of the main portfolio, immediately notify investors by SMS and email/letter about the breach and subsequent rebalancing, using a uniform subject line; periodic disclosures must reflect ongoing deviations. The norms apply only to main portfolios. en-us Wed, 30 Mar 2022 00:00:00 +0530 Wed, 30 Mar 2022 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65471 Timelines require schemes (excluding overnight, index and ETFs as specified) to rebalance mandated asset allocations within a prescribed business-day period for passive breaches; the Investment Committee may extend timelines on written justification. Failure to rebalance after mandated plus extended periods leads to restrictions on launching new schemes and prohibition on levying exit load for investors exiting affected schemes. AMCs must report deviations to trustees at each stage and, where the deviated portfolio exceeds a specified proportion of the main portfolio, immediately notify investors by SMS and email/letter about the breach and subsequent rebalancing, using a uniform subject line; periodic disclosures must reflect ongoing deviations. The norms apply only to main portfolios. Circulars SEBI Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65471