 "sebi")
The Securities and Exchange Board of India (Sebi) has allowed mutual funds (MFs) to change the cut-off timings for equity and debt schemes from 3pm to 1pm and for liquid and overnight schemes to 12.30pm from 1.30pm. The move comes following the MF industry's request to Sebi to reduce the timings in the light of the prevailing lockdown amid the Coronavirus outbreak and RBI's direction to reduce debt market timings for the same reason.
According to MF advisors, the move will make it difficult for equity scheme investors to time their fresh allocations or redemptions in an efficient manner. “Advancing
