Sebi revises valuation norms for gold, silver held by mutual funds; polled spot prices to be used from April 2026

Sebi has revamped how mutual funds value physical gold and silver, shifting to domestic spot prices from April 2026, replacing the LBMA benchmark. This move aims for greater transparency and alignment with Indian market conditions. Additionally, Sebi introduced a new scheme classification structure and tightened portfolio overlap disclosures to enhance investor protection and uniformity across the mutual fund industry.