Fund exposure to HDFC and HDFC Bank

Jun 16, 2023
The regulations of the Securities and Exchange Board of India (SEBI) state that an individual scheme of a mutual fund cannot invest more than 10% into a single security. The merger of HDFC and HDFC Bank would breach this limit in some funds, and would be considered a passive breach. As per news reports, a 30-day window will be provided to mutual funds to rebalance their schemes and comply with the regulation. According to the fund portfolios of May 2023, here are the exposures above 9%. Index funds, ETFs and Thematic funds have been excluded from this listing.
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