Valuation guidelines for mutual fund securities: phased compliance for equity valuation, debt valuation, and NPA provisioning requirements. Staggered implementation of valuation and provisioning guidelines requires mutual funds to apply a valuation framework to non-traded and thinly traded equity and equity-related securities and to maintain provisioning standards for identification of NPAs, with separate effective dates for equity-related measures and for valuation of non-traded and thinly traded debt instruments.
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Provisions expressly mentioned in the judgment/order text.
Valuation guidelines for mutual fund securities: phased compliance for equity valuation, debt valuation, and NPA provisioning requirements.
Staggered implementation of valuation and provisioning guidelines requires mutual funds to apply a valuation framework to non-traded and thinly traded equity and equity-related securities and to maintain provisioning standards for identification of NPAs, with separate effective dates for equity-related measures and for valuation of non-traded and thinly traded debt instruments.
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