SEBI Revises Cut-off Timings for NAV in Overnight Mutual Fund Redemptions

SEBI (Securities and Exchange Board of India) has revised the cut-off timings for Net Asset Value (NAV) in overnight mutual fund redemptions. This change in timings is likely aimed at providing greater flexibility and potentially faster access to funds for investors seeking to redeem their investments in overnight mutual fund schemes. Overnight funds are a type of debt mutual fund that invests in securities with a maturity of one day. The revised cut-off timings will impact the point at which redemption requests are processed and the NAV that will be applied to those redemptions. Investors should take note of these revised timings for their redemption planning.