Uniform cut-off timings for applicability of Net Asset Value (NAV) of Mutual Fund scheme(s)/plan(s).

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....licability of Net Asset Value (NAV) of Mutual Fund scheme(s)/plan(s). Please refer to SEBI Circular No. SEBI/IMD/8/5611/2004 dated March 19, 2004 on the captioned subject. AMFI has approached SEBI for some clarifications and also for extension of date of implementation of this circular. Accordingly, in order to remove the difficulties in implementing the said circular, the following clarification....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nvestment focus would be achievable under the existing disclosures on the investment objective of the scheme(s)/plan(s), the same shall not be treated as a change in fundamental attribute of the scheme(s)/plan(s). 4. With reference to para 2 (B)(i) of the aforesaid circular, in the second sentence, "….. closing NAV of the same day …." shall be replaced by "….cl....