Change in cut-off timings to determine applicable NAV with respect to repurchase/ redemption of units in overnight schemes of Mutual Funds

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..... of Mutual Funds in India (AMFI)/ Registrar Transfer Agents (RTAs) Sir / Madam, Subject: Change in cut-off timings to determine applicable NAV with respect to repurchase/ redemption of units in overnight schemes of Mutual Funds 1. With a view to safeguard clients' funds placed with Stock Brokers (SBs) / Clearing Members (CMs), SEBI vide circular "Upstreaming of clients' funds by Stock Brokers ( .....

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..... f units in overnight fund schemes. Thereafter, the proposal was placed for public consultation. 3. Based on the analysis of public feedback, para 8.4.5.4 of the Master Circular for Mutual Funds dated June 27, 2024 stands modified as under: 8.4.5.4 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 t .....

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..... of SEBI (Mutual Funds) Regulations, 1996, to protect the interest of investors in securities and to promote the development of, and to regulate the securities market. 6. This circular is available at www.sebi.gov.in under the link "Legal > Circulars". Yours sincerely, Lakshaya Chawla Deputy General Manager Investment Management Department Tel no.: 022-26449369 Email: [email protected]< .....

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