Independent valuation of retail scheme assets governs NAV computation and disclosure, subject to an exception for independently valued scheme investments. Regulation 50 requires the fund management entity and fiduciaries of a retail scheme to comply with Sixth Schedule investment valuation norms. For NAV ... Summary
Independent valuation of retail scheme assets governs NAV computation and disclosure, subject to an exception for independently valued scheme investments.
Regulation 50 requires the fund management entity and fiduciaries of a retail scheme to comply with Sixth Schedule investment valuation norms. For NAV computation and disclosure, scheme assets must be valued by an independent eligible service provider, including specified registered fund administrators, custodians, credit rating agencies, valuers, or other persons specified by the Authority. This requirement is inapplicable to investments in regulated schemes that are independently valued, whether such investments are made directly or through a manager in IFSC, India or foreign jurisdictions.
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