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Cut-off time for equity mutual funds to be restored from October 19: Association of Mutual Funds in India

Oct 16, 2020, 11:20PM ISTSource: TOI.in

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 Association of Mutual Funds in India. However, the existing truncated cut-off time would continue for debt and conservative hybrid funds. In a tweet, Association of Mutual Funds in India 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 Mutual Funds in India.

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