Valuation of Debt and Money Market Instruments

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.... Please refer to SEBI circular No. MFD/CIR/ 8 / 92 / 2000 dated September 18, 2000, MFD/CIR/14 /088 / 2001 dated March 28, 2001, MFD/CIR/ no 14 / 442 / 2002 dated February 20, 2002 and MFD/CIR/23 /066 / 2003 dated March 7, 2003. 2. The valuation method of debt and money market instruments specified in the aforesaid circulars were discussed in the Advisory Committee of Mutual Funds. With a view ....

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....upto 91 days then those shall be valued on amortization basis taking the coupon rate as floor. II. Valuation of money market and debt securities with residual maturity of over 91 days: All money market and debt securities, including floating rate securities, with residual maturity of over 91 days shall be valued at weighted average price at which they are traded on the particular....

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.... the valuation framework within six weeks from the date of receipt of such intimation from mutual fund. In the interim period, till AMFI makes provisions to cover such securities in the valuation of securities framework, the mutual funds shall value such securities using their proprietary model which has been approved by their independent trustees and the statutory auditors. IV. ....

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....FD/CIR/ no 14 / 442 / 2002 dated February 20, 2002, additional duration bucket(s) viz., 0.25- 0.5 yrs shall be provided. VI. Consistency All AMC's shall ensure that similar securities held under its various schemes shall be valued consistently. 3. The aforesaid valuation would be applicable with effect from July 1, 2010. 4. SEBI circulars No. MFD/CIR/ 8 / 92 / 2000 dated Se....