Circular no. SEBI/HO/IMD/PoD2/P/CIR/2025/56; Dated: 22.04.2025
SEBI has announced a change in cut-off timings to determine the net asset value (NAV) for repurchase or redemption of units in overnight schemes of mutual funds. Accordingly, for applications received up to 3 p.m., the closing NAV of the day immediately preceding the next business day will apply. For applications received after 3 p.m., the closing NAV of the next business day will apply. If an application is received online, the cut-off time of 7 p.m. will apply for schemes.
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