Equity Mutual funds cut-off timings to change from 19 October
Share market regulator SEBI has once again changed the time for the purchase and sale of units in Equity Mutual Funds till 3 pm. According to mutual fund body AMFI, this new time table will come into effect from October 19. However the current cut-off time will continue for Debt and Conservative hybrid funds.
Nilesh Shah, chairman of the Association of Mutual Funds in India (AMFI), said in a tweet that the cut-off time for subscription and redemption of all schemes is again at 3 pm, except for those funds which are categories of debt and conservative hybrid funds Come in. The new time will be applicable from October 19 i.e. Monday. AMFI appealed to SEBI, which has been accepted by SEBI. The advantage of this is that investors will have more time to get the NAV (Net Asset Value) of that day.
In April, SEBI had reduced the cut off time for the purchase and sale of the unit due to Corona. It also included liquid and overnight schemes. There was a time between 12.30 pm and 1.30 pm for liquid and overnight funds. In April, the Reserve Bank of India (RBI) changed the time for debt and currency markets from 10 am to 2 pm.
