The Securities and Exchange Board of India has clarified that that there is a provision of ‘intra-day NAV’ for transactions in units of ETFs by authorized participants and large investors directly with AMCs (Asset Management Company). The NAV for this will be based on the executed value. This is the price at which the securities/commodities are bought and sold.The Securities and Exchange Board of India has clarified that that there is a provision of ‘intra-day NAV’ for transactions in units of ETFs by authorized participants and large investors directly with AMCs (Asset Management Company). The NAV for this will be based on the executed value. This is the price at which the securities/commodities are bought and sold.taxmann.com Latest Statutory HappeningsRead More
