Cut-off time for equity mutual funds restored to 3pm

SEBI has decided to restore the cut-off timing for buying and selling of mutual fund units to 3 pm, effective Monday, October 19. Earlier in April, SEBI had temporarily changed the cut-off timings for buying and redeeming of mutual fund units in view of the disruptions caused by the pandemic. Go to Source

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UTI MF listing to end Sebi, sponsors’ decade-old tussle

The listing of UTI Mutual Fund (UTI MF) on Monday is set to end the more than a decade-old cold war between markets regulator Sebi on the one side and three government-run financial powerhouses — Life Insurance Corporation (LIC), State Bank of India (SBI) and Bank of Baroda (BoB) — on the other.

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