Pricing of Units

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....ot lower than ^12[97 per cent] of the Net Asset Value.] ^10[****] (4) The price of units shall be determined with reference to the last determined Net Asset Value as mentioned in sub-regulation (3) unless,- (a) the scheme announces the Net Asset Value on a daily basis; and ^8[(b) the sale price is determined with or without a fixed premium added to the future net asset value which is declared in advance.]     ************** NOTES:- 1 Inserted ibid. 2 Substituted by the SEBI (Mutual Funds) (Second Amendment) Regulations, 2018, w.e.f. 30.5.2018. Prior to the substitution, sub-regulation (2) read as follows: "(2) The mutual fund, in case of open-ended scheme, shall at least once a we....

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....ged to the mutual fund, as per clause (a) of sub-regulation (4) of regulation 52."   [*Inserted by the SEBI (Mutual Funds) (Second Amendment) Regulations, 2006, w.e.f. 22-5-2006.] 8 Substituted by the SEBI (Mutual Funds) (Amendment) Regulations, 1998, w.e.f. 12-1-1998 for, "the sale price is determined by adding to the future Net Asset Value a fixed premium which is declared in advance. 9.  Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/08 dated 04-02-2021 w.e.f. 30th day from the date of their publication in the Official Gazette, that is 04-02-2021 before it was read as "(3) While determining the prices of the units, the mutual fund shall ensure that the repurchase price is not lower than 93 per ce....