https://www.taxtmi.com/circulars?id=64908 If a mutual fund does not exercise a put option that would have benefited the scheme, the fund must justify non-exercise to valuation agencies, the AMC board and trustees by the last date of the notice period; valuation agencies must then exclude remaining put options from the security valuation. A put is deemed in favour of the scheme where the yield on the valuation price ignoring the put exceeds the contractual yield or coupon by the prescribed threshold. The circular applies prospectively and is issued to protect investors and regulate valuation. en-us Fri, 09 Jul 2021 00:00:00 +0530 Fri, 09 Jul 2021 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64908 If a mutual fund does not exercise a put option that would have benefited the scheme, the fund must justify non-exercise to valuation agencies, the AMC board and trustees by the last date of the notice period; valuation agencies must then exclude remaining put options from the security valuation. A put is deemed in favour of the scheme where the yield on the valuation price ignoring the put exceeds the contractual yield or coupon by the prescribed threshold. The circular applies prospectively and is issued to protect investors and regulate valuation. Circulars SEBI Fri, 09 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64908