SIP Pause Business Rules

Transaction cut-off time updates

Change in Cut-off Time for NAV Applicability - SEBI Notification

Please note the following changes in cut-off time for NAV applicability as per the SEBI notification dated 6th April 2020 with effect from 7th April 2020 to 17th April 2020, inclusive of both days. With another notification dated 17th April 2020, the following timings will be applicable until 30th April 2020.

Further to the above SEBI vide notification, dated 30th April 2020, the below timings will be applicable till further notice.

# Transaction type Scheme Existing cut off time New cut off timings
1 Subscription Liquid and Overnight schemes 1.30 PM 12.30 PM
2 Subscription All schemes other than Liquid and Overnight schemes 3.00 PM 1.00 PM
3 Redemption For all schemes, including Liquid and Overnight schemes 3.00 PM 1.00 PM
4 Switches For all schemes, including Liquid and Overnight schemes 3.00 PM 1.00 PM