https://www.taxtmi.com/circulars?id=65613 The circular prescribes a regulatory framework for passive funds requiring debt index constituents to be investment grade with defined ratings and maturities, issuer aggregated exposure limits and sector/group caps, replication tests and minimum issuer counts for ETF/index portfolios, duration deviation tolerances including for target maturity products, rebalancing and segregation on downgrades, and detailed disclosure, market making, iNAV, tracking error/difference and investor liquidity provisions. en-us Mon, 23 May 2022 00:00:00 +0530 Mon, 23 May 2022 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65613 The circular prescribes a regulatory framework for passive funds requiring debt index constituents to be investment grade with defined ratings and maturities, issuer aggregated exposure limits and sector/group caps, replication tests and minimum issuer counts for ETF/index portfolios, duration deviation tolerances including for target maturity products, rebalancing and segregation on downgrades, and detailed disclosure, market making, iNAV, tracking error/difference and investor liquidity provisions. Circulars SEBI Mon, 23 May 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65613