Valuation of repurchase (repo) transactions by Mutual Funds

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.... Mutual Funds in India (AMFI) Sir/ Madam, Subject: Valuation of repurchase (repo) transactions by Mutual Funds. 1. Chapter 9 of the SEBI Master Circular dated June 27, 2024 on Mutual Funds ("Master Circular"), which specifies the provisions for valuation of investment in securities by Mutual Funds, inter alia mandate that money market and debt securities with residual maturity over 30 day....

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.... mark to market basis. Accordingly, clause 9.6.2 of the Master Circular stands modified as under: "Investments in short-term deposits with banks (pending deployment) shall be valued on cost plus accrual basis." 4. Further, valuation of all repo transactions, except for overnight repos, in addition to the valuation of money market and debt securities, shall be obtained from valuation ag....