Description
NSE revises market wide position limits, trading member limits, and FII/FPI/MF position limits for HDFCAMC effective November 26, 2025.
Summary
NSE Clearing Limited has revised the market wide position limits (MWPL), trading member-wise position limits, FII/FPI (Category I & II) and mutual fund position limits for HDFC Asset Management Company Limited (HDFCAMC). This circular is issued in pursuance to circular no. 043/2025 dated April 29, 2025 and partially modifies circular no. 125/2025 dated September 22, 2025.
Key Points
- Market Wide Position Limit for HDFCAMC set at 30,518,916 shares
- Overall stock limit for Trading Members, FII/FPI (Category I) and Mutual Funds set at 9,155,400 shares
- FPI Category II (other than individuals, family offices and corporates) limit set at 6,103,500 shares
- FPI Category II (individuals, family offices and corporates) limit set at 3,051,600 shares
- Changes apply to futures and options trading in HDFCAMC
Regulatory Changes
This circular partially modifies the previously notified position limits for HDFCAMC that were communicated in circular no. 125/2025 (NCL/CMPT/70316) dated September 22, 2025. The new limits represent updated risk parameters for derivatives trading in this security.
Compliance Requirements
- All trading members must adhere to the revised position limits effective from November 26, 2025
- FII/FPI Category I entities and mutual funds must maintain positions within the overall stock limit of 9,155,400 shares
- FPI Category II entities (other than individuals, family offices and corporates) must not exceed 6,103,500 shares
- FPI Category II entities (individuals, family offices and corporates) must not exceed 3,051,600 shares
- Members should adjust their positions if current holdings exceed the revised limits
Important Dates
- Circular Issue Date: November 25, 2025
- Effective Date: November 26, 2025 (trade date)
Impact Assessment
Market Impact: The revised limits will affect derivatives traders, institutional investors, and mutual funds with positions in HDFCAMC futures and options. The market wide position limit of 30.5 million shares provides the overall cap for all market participants combined.
Operational Impact: Trading members and institutional investors need to review their current positions in HDFCAMC derivatives and ensure compliance with the new limits from November 26, 2025. Those exceeding the revised limits will need to reduce positions accordingly.
Investor Categories Affected: Trading members, FII/FPI Category I, FPI Category II (both subcategories), and mutual funds trading in HDFCAMC derivatives.
Impact Justification
Routine position limit revision for a single stock affecting derivatives traders, FIIs/FPIs and mutual funds with specific exposure to HDFCAMC