SEBI modifies NAV rules for mutual fund schemes
Sep 17 2020
News Category: Industry Update
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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.

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