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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New Rule: Real Estate in Mutual Funds Must Be Valued at Cost Price and Fair Price Every 90 Days ()</h1> Regulation 49F of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, mandates that real estate assets in a mutual fund scheme must be valued at their cost price upon acquisition and at fair price every ninety days as per Schedule IXB norms. The asset management company, its directors, trustees, and real estate valuer are responsible for ensuring valuations are conducted in good faith and that accounts are prepared according to Schedule XI accounting principles. The net asset value of the scheme must be calculated and declared daily based on the most current asset valuation and accrued income.
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