GENERAL MANAGER INVESTMENT MANAGEMENT DEPARTMENT
SEBI/ IMD/CIR No. 9/6016/2004
March 25, 2004
All Mutual Funds Registered with SEBI Association of Mutual Funds in India (AMFI)
Dear Sirs,
Re.: Uniform cut-off timings for applicability of Net Asset Value (NAV) of Mutual Fund scheme(s)/plan(s).
Please refer to SEBI Circular No. SEBI/IMD/8/5611/2004 dated March 19, 2004 on the captioned subject. AMFI has approached SEBI for some clarifications and also for extension of date of implementation of this circular. Accordingly, in order to remove the difficulties in implementing the said circular, the following clarifications are issued in accordance with the provisions of regulation 77 of SEBI (Mutual Funds) Regulations, 1996.
All other provisions of the aforesaid circular remain unchanged.
Yours faithfully,
(SURESH GUPTA)