Timelines for rebalancing of portfolios of mutual fund schemes in cases of all passive breaches
Summary
This circular clarifies that the rebalancing timelines in paragraph 2.9 of the Master Circular apply to all passive breaches for actively managed mutual fund schemes. It distinguishes passive breaches, which arise from market events rather than AMC omission, from active breaches treated as violations. The directive is issued under Section 11(1) of the SEBI Act and Regulation 77 of the MF Regulations.
Text
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.
Source: SecMarx — Timelines for rebalancing of portfolios of mutual fund schemes in cases of all passive breaches. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.