https://www.taxtmi.com/circulars?id=59374 Valuation must mark physical gold and permitted gold-linked instruments to market daily using a domestic price derived from LBMA AM fixing converted to kg and INR, plus import duty and other levies; trustees may change exchange rate source with written rationale. NAV is calculated as market/fair value of investments plus current assets minus current liabilities and provisions divided by units outstanding, to four decimals. Recurring expense limits for equity schemes apply to GETFs, and GETFs shall be benchmarked to the price of gold. en-us Fri, 21 Apr 2006 00:00:00 +0530 Tue, 29 Jan 2019 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59374 Valuation must mark physical gold and permitted gold-linked instruments to market daily using a domestic price derived from LBMA AM fixing converted to kg and INR, plus import duty and other levies; trustees may change exchange rate source with written rationale. NAV is calculated as market/fair value of investments plus current assets minus current liabilities and provisions divided by units outstanding, to four decimals. Recurring expense limits for equity schemes apply to GETFs, and GETFs shall be benchmarked to the price of gold. Circulars SEBI Fri, 21 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59374