Ch.3 · Custodian and RTA Functions · hard
What are 'SEBI's Investment Valuation Norms' for mutual fund portfolios?
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EXPLANATION
SEBI's Investment Valuation Norms prescribe how mutual funds must value their portfolio holdings. Equities are valued at last traded price on the principal exchange; debt securities are valued based on AMFI-prescribed matrix prices or CRISIL/ICRA valuation; illiquid securities use specific valuation methodologies. These norms ensure NAV accurately reflects the portfolio's fair market value.
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