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Reversal of cut-off timings for various categories of Mutual Fund back to normal cut-off

17 Nov 20206 mins readBy MOFSL

The NSE issued a circular (NSE/NMF/46298) dated November 6, 2020, regarding the reversal of cut-off timings for various categories of mutual fund back to normal cut-off.

This circular was issued in continuation with, and as a part modification to, an earlier circular issued by the NSE (circular number 15/2020, download no. 46068), dated October 18,2020. The earlier circular was regarding the revision of cut-off timings for different categories of mutual funds.

Now, the SEBI and the AMFI have intimated to the exchange that the cut-off timings for various categories of mutual funds are to be revered to normal cut off, as mentioned belo.

In case of subscription:

 

For all NFO categories, HLIQD, DBTCR and EQTCR, only subscription is to be allowed. The DEBT category includes DEBT1, DEBT2, DEBT3 and DEBT4.

In case of redemption:

Here too, the DEBT category includes DEBT1, DEBT2, DEBT3 and DEBT4.

In addition to the above instructions, investors will be required to transfer the units for their redemption orders to the pool account of the clearing corporation on T day, by 04.30 PM.

All the above changes were to be effective from November 9, 2020.

Disclaimer: The stocks, companies, or financial instruments mentioned in this blog are for informational purposes only and should not be considered as investment recommendations. It is advised to consult with your financial advisor before making any investment decisions. Investment in securities markets are subject to market risks, read all the related documents carefully before investing. Investors are strongly encouraged to carefully read the risk disclosure documents prior to participating in market-related investments or trading activities. Due to the volatile nature of financial markets, no guarantees can be made regarding investment returns. Motilal Oswal Financial Services Ltd. does not offer any assured returns on market-linked securities. Please note that past performance of stocks or indices is not indicative of future results.
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