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<h1>SEBI Updates Mutual Fund Rules: Weekly NAV Disclosure and NPA Valuation for Enhanced Transparency and Consistency.</h1> The circular from the Securities and Exchange Board of India (SEBI) informs all registered mutual funds about the Gazette notification dated January 23, 2001, concerning the valuation and provisioning of non-performing assets (NPAs). It mandates that mutual funds publish the Net Asset Values (NAVs) of their close-ended schemes on Wednesdays for uniformity. The SEBI (Mutual Funds)(Amendment) Regulations, 2001, include changes to the valuation of thinly traded securities, limits on illiquid securities, and provisions for non-performing investments. These amendments aim to enhance transparency and consistency in mutual fund operations.