The Security Exchange Board of India (SEBI) issued timetables for rebalancing mutual fund portfolios in order to create uniformity. The watchdog stated in a circular that the rebalancing period will apply if the asset allocation stipulated in the Scheme Information Document (SID) is deviated owing to passive breaches. Passive breaches are those that have not occurred because of Asset Management Companies' omissions and commissions (AMCs). All mutual fund schemes are required to rebalance every 30 days except for Index Funds and Exchange Traded Funds (ETFs).