Regulation 48 - Computation of Net Asset Value - Securities and Exchange Board of India (Mutual Funds) Regulations, 1996

Computation of Net Asset Value 48. (1) Every 3 [ asset management company ] shall compute the Net Asset Value of each scheme by dividing the net assets of the scheme by the number of units outstanding on the valuation date. 1 [(2) The Net Asset Value of the scheme shall be calculated on daily basis and 2 [disclosed in the manner specified by the Board].] ************* NOTES:- 1 Substituted by the SEBI (Mutual Funds) (Second Amendment) Regulations, 2012, w.e.f. 01-10-2012. Prior to its substitution, sub-regulation (2) read as under: (2) The Net Asset Value of the scheme shall be calculated and published at least in two daily newspapers at intervals of not exceeding one week : Provided that the Net Asset Value of a close ended scheme, other than that of equity linked savings scheme, shall be calculated on daily basis and published in at least two daily newspapers having circulation all over India. 2 Substituted for the words published in at least two daily newspapers having circulation all over India by the SEBI (Mutual Funds) (Second Amendment) Regulations, 2018, w.e.f. 30.5.2018. 3. 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