“It is decided that the cut-off timings for applicability of NAV (Net Asset Value) for both subscription and redemption for all schemes, may be restored to normal cut-off timings on accordance with various circulars issued by Sebi in this regard,” the regulator stated in a letter to trade physique Amfi on Friday.
The change can be efficient from Monday, November 9, it added.
Further, all asset administration corporations (AMCs) have been requested to problem a public discover highlighting the change in cut-off timings. Also, they should publish in regards to the timings prominently on their web sites.
The regulator, final month reinstated the cut-off timing for transactions in fairness mutual fund items to three pm. However, the prevailing truncated cut-off time continued for debt and conservative hybrid funds.
Earlier in April, Sebi had diminished cut-off time for subscription and redemption of mutual funds, together with liquid and in a single day schemes resulting from coronavirus pandemic.
The regulator had diminished cut-off time for availing the identical day’s web asset worth (NAV) for mutual fund schemes to 1 pm from three pm. For liquid and in a single day funds, the time was superior to 12.30 pm from 1.30 pm.