Pricing of Units

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..... ecified by the Board]. (2) 2 [The 11 [ asset management company ] shall provide the methodology of calculating the sale and repurchase price of units in the manner specified by the Board.] 9 [ (3) While determining the price of the units, the mutual fund shall ensure that the repurchase price of an open ended scheme is not lower than 95 per cent of the Net Asset Value. ] 10 [ **** ] (4) The price .....

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..... its substitution, proviso read as under; Provided that the repurchase price of the units of a close ended scheme shall not be lower than 95 per cent of the Net Asset Value: 4 Omitted by the SEBI (Mutual Funds) (Amendment) Regulations, 2008, w.e.f. 16-4-2008. Prior to this, proviso read as under; Provided further that no entry load shall be charged by any close-ended scheme after commencement of th .....

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..... been charged or are proposed to be charged to the mutual fund, as per clause (a) of sub-regulation (4) of regulation 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 whic .....

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..... rice of the unit shall not exceed 7 per cent calculated on the sale price: 10. Omitted 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 5 [(3A) Where a mutual fund repurchases units in a close ended scheme 6 [launched prior to the commencement of the Securities and Exc .....

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..... t) 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 bef .....

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