Fund houses will continue with the revised cut-off timings for both subscription and redemption in MF schemes till April 30.
On April 6, SEBI had revised the cut-off timing for all MF transactions executed between April 7 and April 17 irrespective of their ticket size. Following the extension of the nationwide lockdown, the revised cut off timings will now continue till April 30.
Subscription
For liquid funds and overnight funds, the revised cut-off timing for subscription will continue to be 12.30 pm instead of 2 pm.
For equity funds, hybrid funds and other debt funds, the cut-off timing will continue to be 1 pm irrespective of ticket size.
Redemption
The cut-off timing for redemption will also continue to be 1.00 pm for all funds.
