Ch.3 · Custodian and RTA Functions · hard
What is the 'SEBI approved valuation agency' for debt mutual funds?
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EXPLANATION
SEBI requires that debt and money market instruments be valued using prices provided by SEBI-empanelled valuation agencies — CRISIL and ICRA. These agencies provide standardized market-based valuations that all AMCs must use, ensuring consistent and accurate NAV calculation across the industry and preventing AMCs from using favorable valuations selectively.
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