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). This revision modifies the limits available to Stock Brokers, Foreign Portfolio Investors (FPIs) Categories I & II, and Mutual Funds for trading derivatives of HDFC AMC. The changes are effective from November 26, 2025.

Key Points

  • Market-wide position limit set at 3,05,18,916 shares
  • Client/NRI/Scheme of Mutual Fund limit: 30,51,750 shares
  • Trading Member Proprietary limit: 61,03,650 shares
  • TM (Proprietary + Client)/FPI(Cat I)/MF limit: 91,55,550 shares
  • Notice issued in pursuance to notice No. 20250919-27 dated September 19, 2025
  • Partial modification of circular no. 20231229-46 dated December 29, 2023

Regulatory Changes

This circular revises the position limits for HDFC Asset Management Company Limited derivatives in partial modification of the framework established in December 2023. The change represents an update to the risk management framework for this specific security.

Compliance Requirements

  • All Stock Brokers must adhere to the revised position limits when trading HDFC AMC derivatives
  • Foreign Portfolio Investors (Categories I & II) must comply with the new FPI limits
  • Mutual Funds must ensure their positions do not exceed the specified scheme limits
  • Trading Members must monitor both proprietary and client positions against the revised thresholds
  • For clarifications, members should contact ICCL Risk Monitoring team (Mr. Neil Chakalakkal or Mr. Sahil Shah)

Important Dates

  • Notice Date: November 25, 2025
  • Effective Date: November 26, 2025
  • Reference Notice: September 19, 2025 (Notice No. 20250919-27)
  • Reference Circular: December 29, 2023 (Circular No. 20231229-46)

Impact Assessment

The revision of MWPL limits for HDFC AMC impacts derivatives trading strategies for institutional and retail participants. Market participants holding positions in HDFC AMC derivatives must review their positions to ensure compliance with the new limits. The change may affect hedging strategies, proprietary trading desks, and portfolio management activities involving HDFC AMC stock derivatives. The immediate effective date (next trading day) requires swift position adjustments if necessary.

Impact Justification

Routine adjustment of position limits for derivatives trading; impacts brokers, FPIs, and mutual funds trading HDFC AMC derivatives but does not signal market-wide changes