FME Regulatory Intelligence, Learning & Practice · IFSCA (Fund Management) Regulations, 2025
Valuation

Regulation 50

Valuation

IFSCA (Fund Management) Regulations, 2025Amended in 2026Chapter III · Schemes for Fund Management

Chapter III · Schemes for Fund Management

Regulation 50 – Valuation
Amended 2026 High importance about 3 min

Retail schemes: Launch process, investor protection, concentration limits and disclosure for retail schemes.

1

In plain English

FME/fiduciaries must value ">Retail scheme investments per Sixth Schedule norms, now explicitly NAV-purpose-linked, with the same broadened exemption for regulated, independently-valued underlying schemes.

In plain English
2

The rule, in its own words

Read the exact text of Regulation 50
50. (1) The FME and fiduciaries shall ensure compliance with the investment valuation norms as specified in the Sixth Schedule. (2) 37[For the purpose of computation and disclosure of NAV to the investors and in line with] the investment valuation norms, the assets of the scheme shall be valued by an independent service provider such as a fund administrator, a custodian or a credit rating agency, registered with the Authority, or a valuer registered with Insolvency and Bankruptcy Board of India or such other person as may be specified by the Authority: 38[Provided that this requirement shall not apply to the investments made by a scheme in other scheme(s), that are regulated by a financial sector regulator, directly or through a manager, in IFSC, India or foreign jurisdiction(s), and valued by any independent entity.]
Statutory text — Principal Regulations, 2025, consolidated as amended up to 10 September 2026 (including the Second Amendment, 2026). The notified Gazette text prevails. Tap a highlighted word for how it functions.
3

What this means in practice

Compliance actions
Applies to
Retail scheme
Frequency
Per valuation cycle
Evidence
Valuation reports; Exemption-basis documentation
4

What changed in 2026

Same wording clarification as items 8/19, applied to Retail scheme valuation norms.

Practical effect
Textual only.
What to do
Update SOP references.

Same broadened valuation-exemption proviso as items 9/20, applied to Retail schemes.

Practical effect
Same as items 9/20 for Retail schemes.
What to do
Re-assess underlying-scheme investments for the valuation exemption.
5

Where it connects

Refers to / depends on

Read alongside

6

Check yourself

Quiz Centre

Test yourself on Regulation 50

2 questions in the unified bank test this regulation. Each explains every option and cites the provision.

Retail-scheme investments are valued per the Sixth Schedule norms, linked to NAV computation.
7

Your notes

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Regulation 50 Chapter III · Part C Amended 2026 High · about 3 min