Intra-day Net Asset Value (NAV) for transactions in units of Exchange Traded Funds directly with Asset Management Companies

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..... Mutual Funds in India (AMFI) Sir/Madam, Subject: Intra-day Net Asset Value (NAV) for transactions in units of Exchange Traded Funds directly with Asset Management Companies 1. SEBI, vide circular SEBI/IMD/CIR No.11/78450/06 dated October 11, 2006 has prescribed guidelines for applicability of 'closing NAV of the day' in respect of transactions in units of mutual fund schemes. 2. Industry has .....

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..... nformation Memorandum and Common application form. 5. This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. .....

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