SEBI has clarified that investors will be given Sunday’s NAV on liquid/overnight funds in case they execute STP on Friday
Dec 02 2020
News Category: Regulatory Updates
No of Views: 208 Rate Now!

According to media reports, SEBI has clarified that investors will be given Sunday’s NAV on liquid/overnight funds in case they execute STP on Friday from liquid/overnight funds to other schemes. For instance, if an investor switches out from liquid fund to invest in an equity fund on Friday i.e. a day prior to non-business day, he will be given NAV of Sunday as the money would be keep invested with the fund house because of non-business days. Also, the investor will get Monday’s NAV in the switch-in scheme i.e. equity fund in this example. This will be applicable irrespective of ticket size.

Related News
Title Report Date
SEBI, in a draft circular, proposed re-verification of existing KYC... 14/01/2021
SAT sets aside Sebi's penalty on SBI, Bank of Baroda, LIC in UTI AM... 13/01/2021
SEBI revises the norms on trade executions 05/01/2021
SEBI extends date of implementation of uniformity in applicability ... 01/01/2021
AMFI made multiple proposals to government, ahead of the upcoming U... 28/12/2020
SEBI, in its board meeting, approved the formation of a self-regula... 18/12/2020
SEBI has directed that all open ended debt schemes shall hold at le... 11/11/2020
SEBI has raised the overseas investment limit of individual mutual ... 06/11/2020
SEBI, in consultation with Mutual Fund Advisory Committee, has intr... 06/11/2020
AMFI has issued a uniform non-objection certificate (NOC) for distr... 30/10/2020
AMFI has directed mutual fund distributors to include a tagline ‘AM... 22/10/2020
SEBI warns investors against unsolicited stock tips and investment ... 14/10/2020
AMFI has approached SEBI seeking clarification on keywords that can... 12/10/2020
SEBI has tightened the norms for executing inter scheme transfers 09/10/2020
SEBI has decided to stipulate that all the existing and proposed sc... 06/10/2020
More...