Sebi regulations: Tightens rules on portfolio breaches; must rebalance all passive mutual fund breaches within 30 days – Times of India
The Securities and Exchange Board of India (Sebi) on Thursday tightened compliance norms for mutual fund schemes, regulating that rebalancing timelines will now apply across types of passive breaches in actively managed funds and not just those related to asset allocation.Until now, SEBI’s mandate for portfolio rebalancing within 30 business days applied only to passive…