SEBI modifies NAV rules for mutual fund schemes
Sep 17 2020
News Category: Industry Update
No of Views: 138 Rate Now!

SEBI has issued a circular dealing with a host of trading criteria for asset management companies including uniform applicability of NAV across various schemes upon realisation of funds, trade execution and allocation. The capital market regulator has decided that in respect of purchase of units of mutual fund schemes (except liquid and overnight schemes), closing NAV of the day shall be applicable on which the funds are available for utilization irrespective of the size and time of receipt of such application.

Related News
Title Report Date
SEBI clarifies AMFI’s query on nomenclatures to be used by mutual f... 20/10/2020
AMFI: Share of industry assets held by individual investors has red... 19/10/2020
AMFI: No proposal to Sebi to launch new benchmark index 15/10/2020
SEBI gives 16-day extension to mutual fund distributors using nome... 14/10/2020
AMFI: A total of 7 open ended schemes were launched during Sep 2020 08/10/2020
AMFI: Mutual fund industry AUM size witnessed a modest decline of 2... 08/10/2020
FIFA has requested SEBI to allow MFDs time till Mar 31, 2021 29/09/2020
SEBI prescribes norms for investment advisors 24/09/2020
SEBI mandates AMCs to put in place policy for trade execution, allo... 17/09/2020
SEBI direct AMCs to use an automated Order Management System 17/09/2020
SEBI clarifies its mandate multi cap fund rules 14/09/2020
SEBI tweaks multi cap fund rules 11/09/2020
AMFI: Legal heir to obtain ARN within six months of the death of a ... 10/09/2020
AMFI: The flight to safety trend was witnessed in Aug 2020 09/09/2020
AMFI: Mutual fund industry AUM size increased marginally by 1.38% M... 09/09/2020
More...