Valuation of repurchase (repo) transactions by Mutual Funds

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..... Valuation of repurchase (repo) transactions by Mutual Funds. 1. Chapter 9 of the SEBI Master Circular dated June 27, 2024 on Mutual Funds ( Master Circular ), which specifies the provisions for valuation of investment in securities by Mutual Funds, inter alia mandate that money market and debt securities with residual maturity over 30 days shall be valued as per the prices obtained from the Associ .....

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..... cular stands modified as under: Investments in short-term deposits with banks (pending deployment) shall be valued on cost plus accrual basis. 4. Further, valuation of all repo transactions, except for overnight repos, in addition to the valuation of money market and debt securities, shall be obtained from valuation agencies. Accordingly, paragraph 9.2.3 (b) of the Master Circular stands modified .....

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..... erests of investors in securities and to promote the development of, and to regulate the securities market. 7. This Circular is available at www.sebi.gov.in under the link Legal --- Circulars . Yours faithfully, Peter Mardi Deputy General Manager +91-22-26449233 [email protected] - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia .....

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