Section 18: Net asset value for schemes

Pension Fund Regulatory and Development Authority (Pension Fund) Regulations, 2015Central Regulations · 2013

(1) The initial price of each unit for every scheme shall be ten rupees.

(2) The pension fund shall compute the net asset value of each scheme by dividing the net assets (to be derived by subtracting allowable charges approved by the Authority from the value of assets) of the scheme by the number of units outstanding on the valuation date of each scheme.

(3) The net asset value of units for each Scheme shall be calculated and declared on each “Business Day”.

Where this provision sits

Act	Pension Fund Regulatory and Development Authority (Pension Fund) Regulations, 2015
Section	18
Marginal note	Net asset value for schemes
Jurisdiction	Central
Status	In force as published by the source

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