what is the formula of sebi
Answers
Answer:
what is this bro
Step-by-step explanation:
I don't know
Answer:
As you are aware, Regulation 49(3) of SEBI (Mutual Funds) Regulations, 1996 lays down parameters for determining sale price and repurchase price of mutual funds units applicable for investors. It has been observed that mutual funds are using two different methods for calculating the sale and repurchase price of mutual fund units. While some of the mutual funds are using either of the two methods for sale as well as repurchase prices, others are using one formula for sale price and another for repurchase price. It leads to minor variation in the amount payable to investors or number of units allotted to them and may also create confusion in their minds because of different practices being followed in the mutual funds industry. You would appreciate that there should be one method for such calculations to be followed by all mutual funds on a uniform basis and which is easily understood by the investors.