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      Question

      Under SEBI’s new guidelines, what is the online

      cut-off time for same-day NAV in overnight fund redemptions?
      A 3:00 PM Correct Answer Incorrect Answer
      B 6:00 PM Correct Answer Incorrect Answer
      C 7:00 PM Correct Answer Incorrect Answer
      D 9:00 PM Correct Answer Incorrect Answer
      E 5:00 PM Correct Answer Incorrect Answer

      Solution

      According to the revised SEBI norms, online redemptions for overnight funds submitted by 7:00 PM will receive the same-day NAV . Redemptions after that will get the next business day’s NAV .

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