https://www.taxtmi.com/circulars?id=60221 The guidelines require uniform cut-off timings for prospective NAV application across mutual fund schemes, with a general 3 p.m. cut-off for purchases and redemptions using local at-par payment instruments, later applications attracting next business day NAV, and outstation instruments governed by credit date. Special rules apply to Liquid Fund schemes (prior-day or same-day NAV depending on receipt time and fund availability) and these funds must compute NAV daily. Mutual funds must maintain tamper-proof time stamping at official acceptance points, preserve stamped records, adopt approved alternatives during outages, and report compliance in periodic trustee and regulatory filings. en-us Fri, 19 Mar 2004 00:00:00 +0530 Mon, 18 Mar 2019 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60221 The guidelines require uniform cut-off timings for prospective NAV application across mutual fund schemes, with a general 3 p.m. cut-off for purchases and redemptions using local at-par payment instruments, later applications attracting next business day NAV, and outstation instruments governed by credit date. Special rules apply to Liquid Fund schemes (prior-day or same-day NAV depending on receipt time and fund availability) and these funds must compute NAV daily. Mutual funds must maintain tamper-proof time stamping at official acceptance points, preserve stamped records, adopt approved alternatives during outages, and report compliance in periodic trustee and regulatory filings. Circulars SEBI Fri, 19 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60221