SEBI vide circular dated November 26, 2024 has issued revised directions for valuation of repurchase (repo) transactions by Mutual Funds. The directions provides that all money market and debt securities including floating rate securities shall be valued at average of security level prices obtained from valuation agencies.
In case security level prices given by valuation agencies are not available for a new security (which is currently not held by any Mutual Fund), then such security may be valued at purchase yield/price on the date of allotment/purchase.
