Revised cut off timings for mutual funds

By Morningstar |  07-04-20 | 
 

Investors should take note of the revised cut off timings for purchasing and withdrawing their mutual fund holdings. This change is temporary though.

Taking into account the impact of the revised trading hours for various markets as per the RBI Press Release dated April 3, 2020, SEBI has decided to reduce the cut-off timing for both subscription and redemption in various mutual fund schemes for a temporary period. The revised cut-off timing are as follows:

Subscription

  • For Liquid and Overnight Funds – 12:30 p.m.
  • For other than Liquid and Overnight Funds – 01:00 p.m.

Redemption

  • For Liquid and Overnight Funds – 01:00 p.m.
  • For other than Liquid and Overnight Funds – 01:00 p.m

The above changes will be effective from April 7, 2020 (Tuesday) to April 17, 2020 (Friday) [both days inclusive]).

All other provisions of various SEBI Circulars related to applicability of NAV in case of both subscription and redemption shall remain unchanged.
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