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NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Net Asset Value, Total Expense Ratio and Pricing of Units

As per SEBI regulations, mutual funds must disclose the NAV of open-ended schemes on the AMFI website and the AMC website. By what time on the business day must the NAV generally be updated for schemes other than liquid funds and certain exceptions?

The NAV must generally be uploaded by 11.00 p.m. on the same business day. SEBI requires AMCs to publish the NAV of open-ended schemes on the AMFI website by that time, with extended timelines only for specific cases such as schemes investing overseas.

  1. ABy 9.00 p.m. of the same business day
  2. BBy 11.00 p.m. of the same business dayCorrect
  3. CBy 10.00 a.m. the next business day
  4. DBy 5.00 p.m. on the next business day

Explanation

SEBI requires AMCs to upload the NAV on the AMFI website by 11.00 p.m. on the day of the valuation. Schemes investing overseas have a later timeline, which is an exception. The other times are not the rule.

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