AgenciesSEBI has decided to restore the cut-off timing for buying and selling of mutual fund units to 3 pm, effective Monday, October 19. Earlier in April, SEBI had temporarily changed the cut-off timings for buying and redeeming of mutual fund units in view of the disruptions caused by the pandemic.
AMFI chief, Nilesh Shah, tweeted, "Cut off timings for both subscription and redemption for all schemes other than those categorised as Debt Schemes and Conservative Hybrid Fund is being restored to the original cut-off timings of 3:00 p.m. effective from Monday October 19, 2020."
Sebi had reduced cut-off time for availing the same day's NAV for mutual fund schemes to 1 pm from 3 pm in April. For liquid and overnight funds, the time was reduced to 12.30 pm from 1.30 pm.
For debt schemes and hybrid schemes, the existing reduced cut off timings will be continued till further notice by RBI on the truncated market hours, said a communication by AMFI. RBI in April had shortened debt and currency market hours, allowing trades only from 10 am to 2 pm.
AMFI chief, Nilesh Shah, tweeted, "Cut off timings for both subscription and redemption for all schemes other than those categorised as Debt Schemes and Conservative Hybrid Fund is being restored to the original cut-off timings of 3:00 p.m. effective from Monday October 19, 2020."
Sebi had reduced cut-off time for availing the same day's NAV for mutual fund schemes to 1 pm from 3 pm in April. For liquid and overnight funds, the time was reduced to 12.30 pm from 1.30 pm.
For debt schemes and hybrid schemes, the existing reduced cut off timings will be continued till further notice by RBI on the truncated market hours, said a communication by AMFI. RBI in April had shortened debt and currency market hours, allowing trades only from 10 am to 2 pm.
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