Valuation of Fund. Clause (a).
Valuation of Fund. The Trustee shall value the Fund as of each Valuation Date at current fair market value and shall report the results of such valuation to the Committee. The Trustee shall value the assets of the Trust at market and on such other basis or bases (including, without limitation, cost) as the Committee shall reasonably request. The market value of the assets shall be equal to the market value of the securities and other assets in the Fund, plus cash, interest, dividends and other sums received and accrued but not yet invested. The market value of the securities and other assets in the Fund shall be based on such market quotations and other information as are available to the Trustee and as may in the Trustee’s discretion be appropriate.
Valuation of Fund. 16 Clause (a). Valuations...............................16 Clause (b). Frequency................................16 Clause (c). Records..................................16 Section 5.2. Adjustments......................................17 Section 5.3. Amount of Adjustments............................17 Section 5.4. Effective Date of Adjustments....................17 Section 5.5. Notice to Participants...........................17
Valuation of Fund. The Trustee may, for the purpose of giving effect to the Trust, ascertain and fix the value of any asset or property forming part of the Fund in accordance with the Rules and any valuation will be binding on all Beneficiaries and Potential Beneficiaries.
Valuation of Fund. 15 Clause (a) Valuations........................15 Clause (b) Frequency.........................15 Clause (c) Records...........................15 Section 5.2 Adjustments...............................16 Section 5.3
Valuation of Fund. The Trustee shall value each subfund from time to time (but not less frequently than each Annual Valuation Date), which valuation shall reflect, as nearly as possible, the then fair market value of the assets comprising such subfund (including income accumulations therein). In making such valuations, the Trustee may rely upon information supplied by any Investment Manager having investment responsibility over the particular subfund.
Valuation of Fund. Options The assets to which the Fund Options are referenced, will be valued at a frequency to be determined at the discretion of the Company, but at a minimum of once per week. The Company is entitled to deduct from the assets to which the Fund Option is referenced, a Fund Management Charge based on the value of the assets. This fee will be deducted during each valuation process. The Company will make all decisions about the selection and valuation of the assets to which a Fund Option is referenced subject to the Regulatory Guidelines in this regard. Under extraordinary circumstances, such as extreme volatility of the value of Fund’s assets, extended suspension of trading on the stock exchanges, natural calamities, riots and similar events, The Company reserves the right to suspend the redemption or allocation of Units. The Company also reserves the right not to value one or more Fund options or to change the formula for calculating Net Asset Value under these circumstances. These changes will be made subject to approval from IRDA or as per requirements laid down by IRDA. Depending on the Fund Option in which the Units are invested, the Net Asset Value of the Units will change. Within 60 days of end of the financial year, The Company will provide to the Group Policy Holder a summary of its Account Value. Max % of funds to be invested in Fund Options Debt Fund Balancd Fund Government and Government Approved securities 90% 60% Corporated Bonds rated AA or above by an approved rating agency 60% 60% Money Market and other Liquid Assets 45% 35% Infrastructure Sector as defined by IRDA 60% 60%
Valuation of Fund. Options The assets, to which the Unit Linked Funds are referenced, shall be valued on every Working day of MetLife’s head office and shall be based on whether the company is net purchasing (Appropriation price) or net selling (Expropriation price) the assets in order to meet the day to day transactions. The Appropriation Price of a Unit Linked Fund shall be determined by the Company and will be computed as: Market value of investment held by the fund plus the expenses incurred in the purchase of the assets plus the value of any current assets plus any accrued income net of fund management charges less the value of any current liabilities less provisions, if any. The Expropriation Price of a Unit Linked Fund shall be determined by the Company and will be computed as: Market Value of investment held by the fund less the expenses incurred in the sale of the assets plus the value of any current assets plus any accrued income net of fund management charges less the value of any current liabilities less provisions, if any. The Company shall make all decisions pertaining to selection and/or valuation of the assets to which a Unit Linked Fund is referenced subject to Regulatory Guidelines.
Valuation of Fund. The Investment Manager shall determine the value of the Fund’s assets and Units in accordance with the International Private Equity and Venture Capital Valuation Guidelines or any other valuation method proposed by the Investment Manager and approved by the Advisory Committee. The Investment Manager shall provide a copy of each such valuation to the Advisory Committee. The Advisory Committee may object to any valuation determined by the Investment Manager, and if the Investment Manager and the Advisory Committee are unable to agree upon a mutually acceptable valuation within thirty (30) days after such objection is made, the Investment Manager shall cause the Independent Valuer to determine the value of the Fund’s assets, and such Independent Valuer’s determination shall be binding on all parties. The Investment Manager, on behalf of the Fund, shall appoint the Auditors (or another independent valuer or an independent valuer selected by the Investment Manager from a panel of independent valuers, in either case approved by the Advisory Committee) (“Independent Valuer”) to conduct a valuation of the Fund’s assets every six months subject to the terms contained in the AIF Regulations and the Fund Documents. The aforesaid period can be enhanced to one year with the approval of Super-Majority of the Contributors.
