https://www.taxtmi.com/circulars?id=62037 SEBI prescribes valuation norms requiring mutual funds to categorise securities as traded, thinly traded or non-traded and to apply specified valuation approaches: equity non-traded/thinly traded securities are valued by averaging net worth per share and a discounted industry P/E-based capitalised earnings measure with illiquidity discounts; non-traded debt over 182 days is priced on yield-to-maturity using a GOI-based benchmark duration-bucket curve and a dynamic spread matrix, with mark-ups/mark-downs for illiquidity and internal ratings and mandatory independent valuation where a security exceeds 5% of scheme assets. en-us Mon, 18 Sep 2000 00:00:00 +0530 Sat, 03 Aug 2019 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62037 SEBI prescribes valuation norms requiring mutual funds to categorise securities as traded, thinly traded or non-traded and to apply specified valuation approaches: equity non-traded/thinly traded securities are valued by averaging net worth per share and a discounted industry P/E-based capitalised earnings measure with illiquidity discounts; non-traded debt over 182 days is priced on yield-to-maturity using a GOI-based benchmark duration-bucket curve and a dynamic spread matrix, with mark-ups/mark-downs for illiquidity and internal ratings and mandatory independent valuation where a security exceeds 5% of scheme assets. Circulars SEBI Mon, 18 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62037