Mutual Fund Investors Will Now Be Allotted Units Based on NAV of the Day AMCs Receive Funds
Capital market regulator, SEBI has partially modified rules on applicability of Net Asset Value (NAV) in case of purchase of mutual fund units (excluding liquid and overnight schemes). With effect from January 01, 2021, investors in equity and debt funds will be allotted mutual fund units based on the closing NAV of the day on…