News From Press Amfi asks Sebi to restore mutual fund cut-off time to 3 pm

Amfi asks Sebi to restore mutual fund cut-off time to 3 pm

Sebi had reduced the cut-off time for getting the same day's net asset value (NAV) for schemes other than liquid and overnight from 3 pm to 1 pm in April.

Mint Oct 9, 2020

The Association of Mutual Funds in India (Amfi) has asked markets regulator the Securities and Exchange Board of India (Sebi) to restore the cut-off time for mutual fund purchases and redemptions to 3 pm, the industry body’s chief executive officer N.S. Venkatesh said in response to a Mint question on Thursday.

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