Liquid Mutual Funds Not To Borrow Money

SEBI has changed the rules for liquid and debt mutual funds. In a circular, they have mentioned the new rules:

• Liquid funds must get money in their bank accounts before 2 pm if they want to make the old day`s NAV. That is, if you put in money on Tuesday before 2 pm, you get Monday`s NAV.
• Money received after 2pm will get the NAV of the same day - that is, if you transfer money on Tuesday at 3pm, you`ll get Tuesday`s NAV.

Liquid Mutual Funds Not To Adopt Money

SEBI has changed the rules for swimming and debt mutual funds. In a circular, they have mentioned the new rules:

• Liquid funds must get money in their bank accounts before 2 pm if they need to have the old day`s NAV. That is, if you put in money on Tuesday before 2 pm, you get Monday`s NAV.
• Money received after 2pm will get the NAV of the same day - that is, if you transfer money on Tuesday at 3pm, you`ll get Tuesday`s NAV.