SEBI has revised cut-off timing for both subscription and redemption in MF schemes.
The market regulator has reduced the cut-off timing for all transactions executed between April 7 and April 17 irrespective of its ticket size.
Subscription
For liquid funds and overnight funds, the revised cut-off timing for subscription has been changed from 2 pm to 12.30 pm for all transactions.
For equity funds, hybrid funds and debt funds, the new cut-off timing is 1 pm irrespective of ticket size.
Redemption
The revised cut-off timing for redemption has been changed to 1.00 pm for all funds.
SEBI’s decision comes after RBI announced revised trading hours for various markets on April 3. The RBI has decided to cut trading hours for foreign exchange and money markets products following challenges posed by lockdowns.
The trading hours for forex market, Gilts market and various money market instruments have now been shortened to 10 AM-2 PM from 9 AM-5 PM.
