Dear All,
Please take note of revised cut off timings by SEBI.
Taking into account the impact of the revised trading hours for various markets as per the RBI Press Release dated April 03, 2020, it has been 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 given as under:
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.
Further, the revised cut-off timing shall be subject the following:
1. AMCs shall issue a public notice, publish the same in newspapers highlighting the above change in cut-off timing and inform all the existing investors through SMS and e-mails in their registered mobile nos. and e-mail IDs. Further, all AMCs and AMFI shall publish the above change prominently on their respective websites.
2. The above changes will be effective from April 7, 2020 (Tuesday) to April 17, 2020 (Friday) [both days inclusive]).
3. All other provisions of various SEBI Circulars related to applicability of NAV in case of both subscription and redemption shall remain unchanged.
By: via @AlliesFin Serve T.ME/ALLiESFiN
