Description

BSE revises Market Wide Position Limits for stock derivatives contracts of HDFC Asset Management Company Limited effective November 26, 2025.

Summary

BSE has revised the Market Wide Position Limits (MWPL) for stock derivatives contracts of HDFC Asset Management Company Limited (Scrip Code: 541729). The new limits apply to Stock Brokers, Foreign Portfolio Investors (Categories I & II), and Mutual Funds, effective from November 26, 2025. This revision is issued in pursuance of notice no. 20250919-27 dated September 19, 2025, and partially modifies circular no. 20231229-46 dated December 29, 2023.

Key Points

  • Market Wide Limit increased to 3,05,18,916 shares for HDFC Asset Management Company Limited
  • Client/NRI/Scheme of Mutual Fund limit: 30,51,750 shares
  • TM Proprietary limit: 61,03,650 shares
  • TM (Proprietary + Client)/FPI (Cat I)/MF limit: 91,55,550 shares
  • Effective date: November 26, 2025
  • Applicable to stock brokers, FPIs (Category I & II), and Mutual Funds

Regulatory Changes

This notice partially modifies the previous circular no. 20231229-46 dated December 29, 2023 regarding position limits for stock derivatives. The revision updates the specific limits for HDFC AMC derivatives contracts based on the framework established in notice no. 20250919-27 dated September 19, 2025.

Compliance Requirements

  • Stock Brokers must ensure their proprietary and client positions in HDFC AMC derivatives do not exceed the revised limits
  • Foreign Portfolio Investors (Categories I & II) must adhere to the specified position limits
  • Mutual Funds must ensure scheme-level positions comply with the new limits
  • All market participants should update their risk management systems to reflect the revised limits before the effective date

Important Dates

  • Notice Date: November 25, 2025
  • Effective Date: November 26, 2025

Impact Assessment

The revision of MWPL position limits for HDFC AMC provides updated risk management parameters for derivatives trading in this security. Market participants with existing positions should review their holdings against the new limits. The increased market-wide limit suggests enhanced liquidity or market depth considerations. Trading members and institutional investors need to adjust their position monitoring and risk management systems accordingly to ensure compliance from November 26, 2025 onwards.

Impact Justification

Affects trading limits for derivatives contracts in HDFC AMC, impacting stock brokers, FPIs, and mutual funds with positions in this security