Reduction of Cut-off Timing for both Subscription and Redemption in Mutual Fund Schemes

SEBI has decided to reduce the cut-off timing for both subscription and redemption in mutual fund schemes till further notice, in light of the RBI Press Release dated April 30, 2020, on the extension of timeline for amended trading hours of various RBI regulated markets.  

The reduced cut-off timings for mutual fund transactions are as follows:

In case of subscription

– For Liquid and Overnight Funds – 12:30 p.m.

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

In case of Redemption

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

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

All other provisions of various SEBI Mutual Funds Regulations with respect to the applicability of NAV in respect of subscriptions and redemptions shall remain unchanged.