Revised Cut-off Timings for AMCs

SEBI has announced that the Master Circular for Mutual Funds dated June 27, 2024 is modified. The following Cut-off Timings shall be observed by AMCs with respect to repurchase of units in liquid fund & overnight fund schemes and plans and the following NAVs shall be applied for such repurchase:

1. Where the application is received up to 3.00 pm – the closing NAV of day immediately preceding the next business day; and
2. Where the application is received after 3.00 pm –the closing NAV of the next business day, Provided that in case application is received through online mode, the cut-off timing of 7 PM shall be applicable for overnight fund schemes. Explanation: “Business Day” does not include a day on which the Money Markets
   are closed or otherwise not accessible.

The provisions of this circular shall come into force from June 01, 2025.