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of <h1>SEBI Circular: New Uniform Method for Calculating Mutual Fund Unit Prices Effective August 5, 2002.</h1> The circular issued by SEBI mandates a uniform method for calculating the sale and repurchase price of mutual fund units to eliminate discrepancies and confusion among investors. All mutual funds must now use the formula: Sale Price = Applicable NAV * (1 + Sales Load) and Repurchase Price = Applicable NAV * (1 - Exit Load). Additionally, NAVs should be rounded off to four decimal places for liquid/money market schemes and two decimal places for other schemes. These changes, effective from August 5, 2002, must be reflected in new and updated offer documents as per SEBI guidelines.
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