NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Net Asset Value, Total Expense Ratio and Pricing of Units
Under SEBI rules, a mutual fund must declare the NAV of its schemes by what time on each business day (other than for certain exceptions such as liquid and overnight schemes with different timings)?
The NAV must be declared by 11 pm on the same business day. AMCs upload NAVs to the AMFI website by that time so investors have timely, uniform access to prices of mutual fund schemes.
- ABy 9 pm the same day
- BBy 11 pm the same dayCorrect
- CBy 6 pm the same day
- DBy 10 am the next day
Explanation
AMCs are required to upload the NAV on the AMFI website by 11 pm on the day of valuation. Other times shown are not the prescribed deadline.
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