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of <h1>SEBI Mandates Mutual Funds to Update NAVs by 8 PM Daily; Must Explain Delays to AMFI and SEBI.</h1> The circular from the Securities and Exchange Board of India (SEBI) addresses all mutual funds registered with SEBI, the Unit Trust of India, and the Association of Mutual Funds in India (AMFI) regarding the timely disclosure of Net Asset Values (NAVs). It mandates that mutual funds update their NAVs and sale/repurchase prices on the AMFI website by 8 p.m. daily. Any delays must be explained to AMFI and SEBI by the next day, and if NAVs are unavailable before the next business day, a press release must be issued with reasons and expected publication time.
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