SEBI has restored the cut-off timings for buying and selling of mutual fund units to pre-covid days, effective November 9.
Here are the timings:
|
Type of Schemes |
Transaction type |
Cut-off timings |
|
Liquid Funds & Overnight Funds |
Subscription (including Switch-in from other schemes) |
1:30 p.m |
|
Redemption (including Switch-out to other schemes) |
3:00 p.m |
|
|
All other schemes |
Subscription (including Switch-in from other schemes) |
3:00 p.m |
|
Redemption (including Switch-out to other schemes) |
3:00 p.m |
In April, SEBI had reduced the cut-off timings for all mutual fund transactions to 1 pm from 3 pm and for liquid and overnight schemes to 12.30 pm from 1.30 pm.
On October 19, SEBI had restored the cut-off timings to 3 pm for all schemes except for debt schemes and conservative hybrid schemes. But now the cut-off time has been restored to 3 pm for debt and conservative hybrid funds as well.
National distributors like NJ India, Prudent Corporate and FundsIndia Advisor also restored their pre-covid timings. Husaini Kanchwala, Product Head – MF, NJ India told Cafemutual that the cut off timing for their sub brokers is now 12.30 pm for liquid funds. For all other schemes, the cut off time is 2 pm.
