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    <title>Rounding off NAVs</title>
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    <description>Mutual funds must round Net Asset Values to four decimal places for index funds and debt oriented schemes, and to two decimal places for equity oriented and balanced schemes, with equity and balanced schemes permitted to use greater precision if desired; these rounding conventions apply to existing and new schemes and must be implemented by the prescribed deadline under the mutual funds regulations cited in the circular.</description>
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    <pubDate>Thu, 22 Aug 2002 00:00:00 +0530</pubDate>
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      <title>Rounding off NAVs</title>
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      <description>Mutual funds must round Net Asset Values to four decimal places for index funds and debt oriented schemes, and to two decimal places for equity oriented and balanced schemes, with equity and balanced schemes permitted to use greater precision if desired; these rounding conventions apply to existing and new schemes and must be implemented by the prescribed deadline under the mutual funds regulations cited in the circular.</description>
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      <pubDate>Thu, 22 Aug 2002 00:00:00 +0530</pubDate>
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