Accounting treatment related to mutual funds

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Atchyuta.sai kumar (Querist)
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08 July 2020 Dear sir,

As per AS-13 all long term investments are valued at COST unless there is permanent diminution in value.

What is the year end accounting treatment for long term investments in mutual funds by private limited company (INDAS not applicable)

What is the accounting treatment for mutual funds as per INDAS

Thanks & Regards,
SAI KUMAR
+919642414296

Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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09 August 2020 https://www2.deloitte.com/content/dam/Deloitte/in/Documents/audit/in-audit-ind-as-32-and-ind-109-financial-instruments-noexp.pdf

http://www.mca.gov.in/Ministry/pdf/IndAS28_2019.pdf

https://mca.gov.in/Ministry/pdf/Ind_AS32.pdf