mutual funds
This query is : Resolved
06 February 2008
The price band for the sale price and repurchase price as per SEBI Regulations 1996 is as follows where,
a) sale price should not be higher than 107% of NAV,
b)repurchase price should not be lower than 93% of NAV, and
c)difference between sale price and repurchase price calculated on sale price should not exceed 7%.
Is there any change in this rule???
a) sale price should not be higher than 107% of NAV,
b)repurchase price should not be lower than 93% of NAV, and
c)difference between sale price and repurchase price calculated on sale price should not exceed 7%.
Is there any change in this rule???
19 February 2008
Dear Rashmi,
First of all let me tell you that this is not a price band rather we can say that this is a band for Entry and exit loads that is charged by the mutual fund when we invest and redeem in a mutual fund scheme.
There is no change in this rule and this rule implies that maximum entry/exit load whic a mutual fund can charge is 7%. However, this rule is applicable for open-ended scheme only.
For close ended schemes there is separate band i.e. repurchase price shall not be lower than 95% of the NAV.
Feel free to ask me any type of query on Mutual Funds.
Regds
Abhinav Khemani
First of all let me tell you that this is not a price band rather we can say that this is a band for Entry and exit loads that is charged by the mutual fund when we invest and redeem in a mutual fund scheme.
There is no change in this rule and this rule implies that maximum entry/exit load whic a mutual fund can charge is 7%. However, this rule is applicable for open-ended scheme only.
For close ended schemes there is separate band i.e. repurchase price shall not be lower than 95% of the NAV.
Feel free to ask me any type of query on Mutual Funds.
Regds
Abhinav Khemani
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- DUE DATE FOR ITR FILING
- Old Traces Portal
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- Query regarding reporting of exempt foreign remuneration in ITR
- GST ISD Query on various AMCs
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- GST REGISTRATION REQUIRED TO DIAGNOSTIC UNIT
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
