NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDSSecurities and Exchange Board of India (Mutual Funds) Regulations, 2026
NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDSSecurities and Exchange Board of India (Mutual Funds) Regulations, 2026
Mutual fund annual accounts must be audited by an independent auditor whose certificate confirms fair view and compliance. Mutual funds must have annual accounts audited by an auditor not associated with the asset management company's auditor; trustees shall appoint the ... Summary
Mutual fund annual accounts must be audited by an independent auditor whose certificate confirms fair view and compliance.
Mutual funds must have annual accounts audited by an auditor not associated with the asset management company's auditor; trustees shall appoint the auditor and the auditor's report must form part of the Annual Report. The auditor's certificate must state that all necessary information and explanations were obtained, that the balance sheet and revenue account give a fair and true view of the scheme's affairs and surplus or deficit for the period, and that the statement of account is prepared in accordance with the accounting policies and standards specified in the Eighth Schedule.
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