Sebi to review how mutual funds value gold & silver
Sebi is contemplating revising the valuation approach for physical gold and silver assets held by mutual funds via ETFs. The regulator proposes that AMCs utilize spot prices from domestic commodity exchanges for valuation, moving away from the current reliance on LBMA prices. This initiative aims to enhance consistency and better reflect prevailing domestic market prices, ensuring greater accuracy and transparency.🕒 1 min read
Sebi is contemplating revising the valuation approach for physical gold and silver assets held by mutual funds via ETFs. The regulator proposes that AMCs utilize spot prices from domestic commodity exchanges for valuation, moving away from the current reliance on LBMA prices. This initiative aims to enhance consistency and better reflect prevailing domestic market prices, ensuring greater accuracy and transparency.
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