You are here: Home » Markets » Mutual Funds
Business Standard

Cut-off time for equity MFs to be restored from Monday, says Amfi

Capital markets regulator Sebi will restore the cut-off timing for buying and selling of equity mutual fund units to 3 pm from Monday, according to industry body Amfi.

Topics
Amfi | Equity MFs | Sebi

Press Trust of India  |  New Delhi 

mutual funds

Capital regulator will restore the cut-off timing for buying and selling of equity mutual fund units to 3 pm from Monday, according to industry body

However, the existing truncated cut-off time would continue for debt and conservative hybrid funds.

In a tweet, Chairman Nilesh Shah said cut-off timing for both subscription and redemption for all schemes other than those categorised as debt schemes and conservative hybrid fund is being restored to original cut-off timing of 3 pm, effective, October 19.

The move comes following a request by the industry body Association of in India (Amfi).

Earlier in April, had reduced cut-off time for subscription and redemption of mutual funds, including liquid and overnight schemes due to coronavirus pandemic.

The regulator had reduced cut-off time for availing the same day's net asset value (NAV) for mutual fund schemes to 1 pm from 3 pm.

For liquid and overnight funds, the time was advanced to 12.30 pm from 1.30 pm.

The Reserve Bank of India (RBI) in April had reduced debt and currency market hours permitting trades only from 10 am to 2 pm.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, October 16 2020. 16:16 IST
RECOMMENDED FOR YOU
.