Valuation of money market and debt securities

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.... Valuation of money market and debt securities 1.0 Valuation of money market and debt securities of short term maturity: 1.1 Kindly refer to SEBI circulars IMD/CIR No.16/ 193388/2010 dated February 02, 2010 read with Cir/IMD/DF/6/2012 dated February 28, 2012. The aforementioned SEBI circulars currently permit amortization based valuation of non-traded money market and debt securities, includ....

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....yond this threshold, the price shall be adjusted to bring it within the threshold of +/-0.025% of the reference price. 2.0 Valuation of money market and debt securities which are rated below investment grade: 2.1 In order to have uniformity and consistency across the Mutual Fund industry on valuation of money market and debt securities rated below investment grade, the following has been dec....

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....tion: 2.1.3.1 In case of trades during the interim period between date of credit event and receipt of valuation price from valuation agencies, AMCs shall consider such traded price for valuation if it is lower than the price post standard haircut. The said traded price shall be considered for valuation till the valuation price is determined by the valuation agencies. 2.1.3.2 In case of trade....

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....rmation about the security (ISIN, issuer name, rating etc.), price at which the security was valued vis-a-vis the price post haircuts or the average of the price provided by the valuation agencies (as applicable) and the impact of such deviation on scheme NAV (in amount and percentage terms) shall be reported to the Board of AMC and Trustees. 2.1.4.3 The rationale for deviation along-with detai....