SEBI has restored the cut off timings for both subscription and redemption for all schemes other than debt schemes and conservative hybrid schemes to the original cut-off timings of 3:00 pm from October 19.
SEBI informed the restoration of cut off timings through a letter to all AMFI members.
Recently, AMFI has requested SEBI to restore the cut-off time for mutual fund purchases and redemptions to 3 pm.
With this, your clients can get previous day’s NAV in equity funds, arbitrage funds and hybrid funds if they execute transaction in these funds before 3 pm.
For all debt funds (exluding liquid funds and overnight funds) and conservative hybrid funds like MIP, the cut off timing will be 1 pm.
For liquid funds and overnight funds, subscription cut off timing is 12.30 p.m and redemption cut off time is 1 p.m.
