BSE revises cut-off time for MF subscription, redemption on StAR platform

The new cut-off timing for non-demat redemption and switch authentication is 1.00 pm, says a BSE circular.

The BSE revised cut-off timings for subscription and redemption of liquid, overnight and other schemes on its mutual fund distribution platform, StAR MF, from Tuesday till April 17.

A BSE circular said in case of subscription of liquid and overnight schemes, the new timing for L0 transactions on the StAR MF platform will be 12 noon and 1 pm for normal transactions (for both subscription and redemption).

For subscription of other schemes, BSE said it has revised the timing for L1 transactions on the platform to 12.30 pm. Earlier, L1 transactions were accepted till 2.30 pm.