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Mumbai, June 27 SEBI has extended the time limit for uploading the net asset value for fund-of-fund(FoF) schemes of mutual funds to 10 a.m. the following business day on the AMFI Web site. This has been done in view of the practical difficulties being faced by the MFs in uploading the NAV of FoF schemes on Web sites.

“The NAVs of these schemes shall appear in the newspapers with one day time lag. The published NAV’s would be made available with an asterix explaining that the NAVs are with one day/or the actual time lag,” the release from SEBI said.

All delays would be reported to AMFI and SEBI.

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