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GENERAL MANAGER
MUTUAL FUNDS DEPARTMENT

All Mutual Funds registered with SEBI/
Unit Trust of India

MFD/CIR/13/087/2001
March 28, 2001

Dear Sirs,
1.Copy of Gazette Notification dated January 23, 2001

We are enclosing a copy of the Gazette notification dated January 23, 2001 pertaining to valuation and provisioning of non-performing assets (NPAs) for your information. As you are aware, the guidelines in this respect were issued to all mutual funds vide our circular letters dated September 18, 2000 and October 3, 2000.

2. Publication of NAV of close ended schemes on Wednesday

After discussion in the meeting of Mutual Funds Advisory Committee and further with the Association of Mutual Funds in India, it has been decided that all mutual funds who declare the NAVs of their close ended schemes on weekly basis, shall publish the NAVs on Wednesday, so that there is uniformity in declaration of NAVs by all mutual funds. This guideline is issued in accordance with provisions of Regulation 77 of the SEBI (Mutual Funds) Regulations, 1996.

Yours faithfully, P.K.NAGPAL Encl .: as above

Download Full Text of The Notification

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