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…