TMI BlogPricing of UnitsX X X X Extracts X X X X X X X X Extracts X X X X ..... er than 95 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.] ******** 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 week publish in a daily newspaper of all India circul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 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 cent of the Net Asset Value and the sale price is not higher than 107 per cent of the Net Asset ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and prior to commencement of the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2008; (b) initial issue expenses in respect of the scheme are accounted in the books of accounts of the scheme in accordance with Tenth Schedule.] (3C) The amount recovered under sub-regulation (3A) shall be credited to the unamortized initial issue expenses of the scheme.] 4 [***] 11. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/134 dated 26-06-2023 w.e.f. 01-01-2024 before it was read as, mutual fund - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI ..... X X X X Extracts X X X X X X X X Extracts X X X X
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