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.
Share your Name and Mobile Number with us and get started