Latest news with #MutualFundOvernightSchemes
Mint
26-04-2025
- Business
- Mint
Stock market this week: Top gainers and losers – market movers you need to know
1/ SEBI's circular dated December 12, 2023, requires Stock Brokers (SBs) and Clearing Members (CMs) to upstream clients' funds to Clearing Corporations (CCs) at the end of each business day. This can be done in the form of cash, lien on Fixed Deposit Receipts, or by pledging units of Mutual Fund Overnight Schemes (MFOS). To facilitate this, a change in cut-off timings for determining applicable NAVs for repurchase of units in overnight schemes has been proposed. Effective from June 1, 2025, the new cut-off timings are as follows: applications received up to 3 PM will use the closing NAV of the day preceding the next business day, and those received after 3 PM will use the closing NAV of the next business day. For online applications, the cut-off time is 7 PM. These changes are intended to ensure efficient processing and safeguarding of clients' funds. 2/ The Securities and Exchange Board of India (SEBI) has extended the automated implementation of the trading window closure to immediate relatives of Designated Persons (DPs) in listed companies. This applies during the period from the end of every quarter until 48 hours after the declaration of financial results. The framework aims to ensure compliance with PIT Regulations by freezing the PAN of DPs at the security level, with phase-wise implementation starting July 1, 2025, for the top 500 companies, and October 1, 2025, for others. This approach strengthens market surveillance and investor protection. This initiative will help streamline compliance and enhance transparency, fostering a more secure trading environment. 3/ Nippon AMC, SBI AMC, Bajaj AMC, Groww AMC, Motilal AMC, and Edelweiss AMC have launched multiple new fund offerings (NFOs), providing investors with diverse investment options. These include the Nippon India Nifty 500 Quality 50 Index Growth Direct Plan and Nippon India Nifty 500 Low Volatility 50 Index Growth Direct Plan, which focus on different Nifty 500 indices to cater to varying risk appetites. SBI AMC introduced the SBI Income Plus Arbitrage Active FoF Growth Direct Plan, aiming to provide a balanced approach to investment. Bajaj Finserv offers the Nifty Next 50 Index and Nifty 50 Index Growth Direct Plans for investors seeking exposure to broader market indices. Groww AMC introduced the Gilt Growth Direct Plan, focusing on government securities, while Motilal Oswal launched the Infrastructure Growth Direct Plan, targeting infrastructure sector growth. Edelweiss also unveiled the BSE Internet Economy Index Growth Direct Plan, catering to investors interested in the digital and internet economy sectors. These NFOs offer investors an opportunity to diversify and target different segments of the market. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera. First Published: 26 Apr 2025, 11:42 AM IST
Economic Times
23-04-2025
- Business
- Economic Times
SEBI announces changes in cut-off timings for overnight mutual fund
Where the application is received up to 3.00 PM, the closing NAV of day immediately preceding the next business day Where the application is received after 3.00 PM, the closing NAV of the next business day. Live Events The market regulator, Securities and Exchange Board of India ( Sebi ), has announced the change in cut-off timings to determine applicable NAV with respect to repurchase of units in overnight fund is in order to operationalize the upstreaming of clients' funds in the form of pledge of units of Mutual Fund Overnight Schemes (MFOS). The new timings will be effective from June Read | Nifty Bank surges 10% in 1 month to hit 52-week high level. Time to shift focus towards banking sector? The following cut-off timings shall be observed by AMCs with respect to repurchase of units in liquid fund and overnight fund schemes and plans and the following NAVs shall be applied for such repurchaseIn case application is received through online mode, the cut-off timing of 7 PM shall be applicable for overnight fund in MFOS, which is a new avenue made available to SBs/ CMs to deploy client funds, ensures minimal risk transformation of client funds (that are withdrawable on demand) available with SBs/ CMs because of overnight tenure and exposure to only risk - free government securities, according to a circular by Sebi in shall ensure that client funds are invested only in such MFOS that deploy funds into risk-free government bond overnight repo markets and overnight Tri-party Repo Dealing and Settlement (TREPS). Further, such MFOS units are required to be in dematerialized (demat) form, and must necessarily be pledged with a Clearing Corporation at all times.'The overnight schemes receive money invested in securities with 1 day maturity on next working day. For meeting redemption requests, the overnight schemes don't have to make any sale transaction before market hours,' according to the Sebi circular in Read | Retirement plan: Where to invest if you have a monthly pension of Rs 30,000 Instead the overnight schemes, based on redemption requests, may decide not to reinvest the maturity proceeds to be received on T+1 settlement date. Since the money has to be invested every day, for the amount of redemption requests received on T-day, such amount is not-reinvested on T+1 day and instead is used for payouts. Due to this, the timeline of redemption, whether being 3 PM or 7 PM shall not impact the funds valuation or capability to redeem investments.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
23-04-2025
- Business
- Time of India
SEBI announces changes in cut-off timings for overnight mutual fund
The market regulator, Securities and Exchange Board of India ( Sebi ), has announced the change in cut-off timings to determine applicable NAV with respect to repurchase of units in overnight fund schemes. This is in order to operationalize the upstreaming of clients' funds in the form of pledge of units of Mutual Fund Overnight Schemes (MFOS). The new timings will be effective from June 1. Also Read | Nifty Bank surges 10% in 1 month to hit 52-week high level. Time to shift focus towards banking sector? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » The following cut-off timings shall be observed by AMCs with respect to repurchase of units in liquid fund and overnight fund schemes and plans and the following NAVs shall be applied for such repurchase Where the application is received up to 3.00 PM, the closing NAV of day immediately preceding the next business day Where the application is received after 3.00 PM, the closing NAV of the next business day. In case application is received through online mode, the cut-off timing of 7 PM shall be applicable for overnight fund schemes. Live Events Investment in MFOS, which is a new avenue made available to SBs/ CMs to deploy client funds, ensures minimal risk transformation of client funds (that are withdrawable on demand) available with SBs/ CMs because of overnight tenure and exposure to only risk - free government securities, according to a circular by Sebi in January. SBs/CMs shall ensure that client funds are invested only in such MFOS that deploy funds into risk-free government bond overnight repo markets and overnight Tri-party Repo Dealing and Settlement (TREPS). Further, such MFOS units are required to be in dematerialized (demat) form, and must necessarily be pledged with a Clearing Corporation at all times. 'The overnight schemes receive money invested in securities with 1 day maturity on next working day. For meeting redemption requests, the overnight schemes don't have to make any sale transaction before market hours,' according to the Sebi circular in January. Also Read | Retirement plan: Where to invest if you have a monthly pension of Rs 30,000 Instead the overnight schemes, based on redemption requests, may decide not to reinvest the maturity proceeds to be received on T+1 settlement date. Since the money has to be invested every day, for the amount of redemption requests received on T-day, such amount is not-reinvested on T+1 day and instead is used for payouts. Due to this, the timeline of redemption, whether being 3 PM or 7 PM shall not impact the funds valuation or capability to redeem investments.
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Business Standard
22-04-2025
- Business
- Business Standard
Sebi revises NAV cut-off timings for MF overnight scheme redemptions
Markets regulator Sebi on Tuesday announced a change in cut-off timings to determine the net asset value (NAV) with respect to repurchase or redemptions of units in overnight schemes of mutual funds. The changes will allow time for stock brokers (SBs), or clearing members (CMs) to un-pledge units of Mutual Fund Overnight Schemes (MFOS) and place redemption requests with mutual funds, after the close of market hours. For applications received up to 3 pm, the closing NAV of day immediately preceding the next business day will be applicable. For applications received after 3 pm, the closing NAV of the next business day will be applicable, Sebi said in its circular. However, in case application is received through online mode, the cut-off timing of 7 pm will be applicable for overnight fund schemes, it added. The new timings will become effective from June 1. Investment in Mutual Fund Overnight Schemes (MFOS) is a new avenue made available to stock brokers or clearing members to deploy client funds and ensures minimal risk transformation of client funds because of overnight tenure and exposure to only risk-free government securities. SBs/CMs ensure that client funds are invested only in such MFOS that deploy funds into risk-free government bond overnight repo markets and overnight Tri-party Repo Dealing and Settlement (TREPS). Further, such MFOS units are required to be in demat form, and must necessarily be pledged with a clearing corporation at all times. Sebi, in its consultation paper in January, noted that the overnight schemes receive money invested in securities with one-day maturity on the next working day. "For meeting redemption requests, the overnight schemes don't have to make any sale transaction before market hours. Instead, the overnight schemes, based on redemption requests, may decide not to reinvest the maturity proceeds to be received on T+1 settlement date. "Since the money has to be invested every day, for the amount of redemption requests received on T-day, such amount is not reinvested on T+1 day and instead is used for payouts. Due to this, the timeline of redemption, whether being 3 pm or 7 pm shall not impact the funds' valuation or capability to redeem investments," the regulator had stated.
Mint
22-04-2025
- Business
- Mint
Sebi announces changes in NAV cut-off time for Mutual Fund Overnight Schemes
New Delhi, Apr 22 (PTI) Markets regulator Sebi on Tuesday announced a change in cut-off timings to determine the net asset value (NAV) with respect to repurchase or redemptions of units in overnight schemes of mutual funds. The changes will allow time for stock brokers (SBs), or clearing members (CMs) to un-pledge units of Mutual Fund Overnight Schemes (MFOS) and place redemption requests with mutual funds, after the close of market hours. For applications received up to 3 pm, the closing NAV of day immediately preceding the next business day will be applicable. For applications received after 3 pm, the closing NAV of the next business day will be applicable, Sebi said in its circular. However, in case application is received through online mode, the cut-off timing of 7 pm will be applicable for overnight fund schemes, it added. The new timings will become effective from June 1. Investment in Mutual Fund Overnight Schemes (MFOS) is a new avenue made available to stock brokers or clearing members to deploy client funds and ensures minimal risk transformation of client funds because of overnight tenure and exposure to only risk-free government securities. SBs/CMs ensure that client funds are invested only in such MFOS that deploy funds into risk-free government bond overnight repo markets and overnight Tri-party Repo Dealing and Settlement (TREPS). Further, such MFOS units are required to be in demat form, and must necessarily be pledged with a clearing corporation at all times. Sebi, in its consultation paper in January, noted that the overnight schemes receive money invested in securities with one-day maturity on the next working day. "For meeting redemption requests, the overnight schemes don't have to make any sale transaction before market hours. Instead, the overnight schemes, based on redemption requests, may decide not to reinvest the maturity proceeds to be received on T 1 settlement date. "Since the money has to be invested every day, for the amount of redemption requests received on T-day, such amount is not reinvested on T 1 day and instead is used for payouts. Due to this, the timeline of redemption, whether being 3 pm or 7 pm shall not impact the funds' valuation or capability to redeem investments," the regulator had stated. First Published: 22 Apr 2025, 07:36 PM IST
