Timelines for rebalancing of portfolios of mutual fund schemes in cases of all passive breaches

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ssociation of Mutual Funds in India (AMFI) Sir / Madam, Subject: Timelines for rebalancing of portfolios of mutual fund schemes in cases of all passive breaches 1. SEBI vide paragraph 2.9 of the "Master Circular for Mutual Funds" ("the Master Circular") provided the timelines for rebalancing of portfolios of mutual fund schemes in the event of deviation from mandated asset allocation ment....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n view of the above and based on the recommendation of Mutual Funds Advisory Committee (MFAC), it is clarified that: 3.1. The provisions prescribed under paragraph 2.9 of the Master Circular shall be applicable for all types of passive breaches for the actively managed mutual fund schemes. 4. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Ex....