Introduction of Gold Exchange Traded Funds in India

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....ange Traded Funds in India. As you are aware, SEBI vide circular dated January 24, 2006, issued gazette notification no. S.O. 38(E) dated January 12, 2006 pertaining to SEBI (Mutual Funds) (Amendment) Regulations, 2006 on the captioned matter. Subsequently, SEBI had received some queries from mutual funds and custodians on certain operational aspects of GETF. The same has been examined and f....

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.... change in the source for determining the exchange rate. 2.    Determination of Net Asset Value NAV of units under the Scheme shall be calculated as shown below: Market or Fair Value of Scheme's investments + Current Assets Minus Current Liabilities and Provision NAV (Rs.) = _    No of Units outstanding under Scheme on the Valuation Date The NAV shall....