9911796707
TMI BlogCircular on Mutual FundsX X X X Extracts X X X X X X X X Extracts X X X X ..... y of Net Asset Value (NAV) across various schemes upon realization of funds: 1. In terms of paragraph 1 of SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2020/175 dated September 17, 2020, the uniform applicability of NAV in respect of purchase of units of mutual fund schemes upon realization of funds, was to come into effect from January 1, 2021. 2. Upon consideration of the subsequent representatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uthorize an employee of the AMC for order placement on his behalf, subject to adherence to the following: a. The order instructions to such employee by the fund manager shall be through electronic mode i.e. either through e-mail or other electronic utility, wherein scheme wise audit trail of such orders starting from the instruction of the fund manager is maintained along with time stamping of e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of applicable regulatory limits and allocation limits as specified in Scheme Information Documents (SIDs), should not be placed and executed. c. The fund manager shall provide the scheme wise details as required for order placement such as value of transaction(s), nature of transaction(s), etc. to the dealer. d. The scheme wise audit trail of placement of orders (including the information pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... modified as under: "Audit trail of activities as detailed in paragraph 2.2.1 related to order placement, trade execution and allocation shall be available in the system. Further, there should be time stamping with respect to order placed by fund manager (or the order placed by the employee of the AMC authorized by the fund manager), order placed by dealer, order execution and trade allocation i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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