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

Under SEBI rules, which of the following is the correct position on the NAV of mutual fund schemes?

Open-ended scheme NAVs must be updated on the AMFI and AMC websites by 11 pm on the same business day. SEBI requires daily NAV declaration so investors can transact at transparent prices; weekly or monthly disclosure is not sufficient.

  1. ANAV of open-ended schemes must be published at least once a week
  2. BNAV of open-ended schemes must be updated on the AMFI website and the AMC website by 11 pm on the same business dayCorrect
  3. CNAV must be disclosed only at the time of new fund offer
  4. DNAV can be declared once a month for equity schemes

Explanation

SEBI requires AMCs to declare NAV of schemes on each business day, and to upload it on the AMFI and AMC websites by 11 pm of that day. Weekly or monthly publication applies to certain closed-ended schemes' disclosure patterns, not to open-ended schemes' daily NAV.

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