Sebi and Amfi join hands to check NAV manipulation

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: Market regulator Sebi and industry body Amfi are working together to standardise valuations of floating rate bonds. The fund managers of floating-rate schemes came under the scanner recently for manipulating NAVs (net asset values). Sebi, with the help of rating agencies, will set up a common valuation method for floating rate bonds within the next two-three months.

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