SEBI in view of the feedback of the industry and recommendations of the Mutual Fund Advisory Committee, clarified that intra-day NAV, based on the executed price at which the securities representing the underlying index or underlying commodity(ies) are purchased /sold, shall be applicable for the transactions in units of Exchange Traded Funds (ETFs) by Authorized Participants / large investors directly with the AMCs.
Appropriate disclosure in this regard shall be provided in the Scheme Information Document, Key Information Memorandum and Common application form.