Modification of the Trading Member / FII / Mutual Fund position limits for stock based exchange traded derivative contracts

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..... ered with SEBI 4. Association of Mutual Funds in India. Dear Sir, Sub: Modification of the Trading Member / FII / Mutual Fund position limits for stock based exchange traded derivative contracts 1. This circular is in partial modification of SEBI circular no. SMDRP/DC/Cir-13/02 dated December 18, 2002, prescribing the stock based derivative position limits for Trading Members, SEBI circular S .....

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..... imit (MWPL) less than ₹ 500 crores, the combined futures and options position limit would be 20% of applicable MWPL and futures position cannot exceed 20% of applicable MWPL or ₹ 50 crore which ever is lower. III. The MWPL and client level position limits however would remain the same as prescribed. 3. The position limits shall be monitored in the manner prescribed in the SEBI circul .....

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