Intra-day NAV applies to ETF transactions with AMCs based on the executed price of underlying securities. SEBI clarifies that Intra-day Net Asset Value applies to ETF unit transactions conducted directly with Asset Management Companies where the price is determined by the executed price of securities representing the underlying index or commodity(ies); disclosure of this intra-day NAV treatment must be made in the Scheme Information Document, Key Information Memorandum and Common Application Form.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Intra-day NAV applies to ETF transactions with AMCs based on the executed price of underlying securities.
SEBI clarifies that Intra-day Net Asset Value applies to ETF unit transactions conducted directly with Asset Management Companies where the price is determined by the executed price of securities representing the underlying index or commodity(ies); disclosure of this intra-day NAV treatment must be made in the Scheme Information Document, Key Information Memorandum and Common Application Form.
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