Uniformity in calculation of Sale and Repurchase Price

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..... Regulation 49(3) of SEBI (Mutual Funds) Regulations, 1996 lays down parameters for determining sale price and repurchase price of mutual funds units applicable for investors. It has been observed that mutual funds are using two different methods for calculating the sale and repurchase price of mutual fund units. While some of the mutual funds are using either of the two methods for sale as well as .....

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..... .e. applicable load as a percentage of NAV will be added to NAV to calculate sale price and will be subtracted from NAV to calculate repurchase price. In other words the following formulae shall be used: Sale Price = Applicable NAV *(1 + Sales Load, if any) Repurchase Price = Applicable NAV *(1 - Exit Load, if any) You are also advised to explain this by means of the following example in the of .....

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