Uniform cut-off timings for applicability of Net Asset Value (NAV) of Mutual Fund scheme(s)/plan(s).

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Uniform cut-off timings for applicability of Net Asset Value (NAV) of Mutual Fund scheme(s)/plan(s). Please refer to SEBI Circular No. SEBI/IMD/8/5611/2004 dated March 19, 2004 on the captioned subject. AMFI has approached SEBI for some clarifications and also for extension of date of implementation of this circular. Accordingly, in order to remove the difficulties in implementing the said ci .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... is clarified that as long as the said investment focus would be achievable under the existing disclosures on the investment objective of the scheme(s)/plan(s), the same shall not be treated as a change in fundamental attribute of the scheme(s)/plan(s). 4. With reference to para 2 (B)(i) of the aforesaid circular, in the second sentence, .. closing NAV of the same day . shall be replaced .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ach of the securities included in the portfolio of the liquid scheme(s)/ plan(s) shall be 1 year or less, as illustrated in the annexure to the aforesaid circular. All other provisions of the aforesaid circular remain unchanged. Yours faithfully, (SURESH GUPTA) - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxm .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X