Description

BSE extends cut-off timing for redemption delivery instructions in overnight mutual fund schemes from 7:15 PM to 7:30 PM, effective immediately.

Summary

BSE has updated the cut-off timings for redemption and switch orders of overnight mutual fund schemes. The time to provide delivery instructions has been extended from 7:15 PM to 7:30 PM, providing an additional 15 minutes for investors and intermediaries.

Key Points

  • Cut-off timing for delivery instructions extended from 7:15 PM to 7:30 PM
  • Applies to redemption/switch orders of overnight mutual fund schemes
  • Change is effective immediately from August 25, 2025
  • References previous notices and SEBI circular SEBI/HO/IMD/PoD2/P/CIR/2025/56 dated April 22, 2025

Regulatory Changes

This update modifies the operational timings for mutual fund transactions, specifically for overnight schemes, allowing more time for processing delivery instructions.

Compliance Requirements

  • Mutual fund intermediaries and participants must adjust their systems to accommodate the new 7:30 PM cut-off timing
  • All redemption/switch orders for overnight schemes must comply with the revised timing

Important Dates

  • Effective Date: August 25, 2025 (immediate effect)
  • New Cut-off Time: 7:30 PM (previously 7:15 PM)

Impact Assessment

Minimal operational impact with positive implications for market participants by providing additional processing time. This change enhances operational efficiency for mutual fund transactions without affecting market pricing or trading mechanisms.

Impact Justification

Minor operational timing adjustment with limited market impact, affecting only mutual fund redemption processes