Independent valuation of retail scheme assets is mandatory, subject to an exception for independently valued regulated fund of funds investments. Valuation of retail scheme assets requires the fund management entity and fiduciaries to comply with the investment valuation norms in the Sixth Schedule. ... Summary
Independent valuation of retail scheme assets is mandatory, subject to an exception for independently valued regulated fund of funds investments.
Valuation of retail scheme assets requires the fund management entity and fiduciaries to comply with the investment valuation norms in the Sixth Schedule. Assets must be valued by an independent service provider, including specified registered intermediaries, a registered valuer, or another person specified by the Authority. This requirement does not apply to fund of funds schemes investing in regulated underlying schemes in IFSC, India or foreign jurisdictions where the underlying schemes are valued by an independent entity.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.