Sebi regulations: Tightens rules on portfolio breaches; must...

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Sebi regulations: Tightens rules on portfolio breaches; must rebalance all passive mutual fund breaches within 30 days

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The Securities and Exchange Board of India has strengthened rules for mutual funds. Rebalancing timelines will apply to all passive breaches in actively managed funds. This excludes Index Funds and Exchange Traded Funds. The new directive broadens compliance requirements. It addresses unintended deviations in asset allocation. Portfolios must be rebalanced within 30 business days of a breach.

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