MUTUAL FUNDS
PGIM India AMC announces Change in Cut-off Timings for Redemptions in Overnight Fund
May-31-2025

PGIM India Asset Management (AMC) has announced to the Statement of Additional Information (SAI), Scheme Information Document (SID) And Key Information Memorandum (KIM) of various schemes of PGIM India Mutual Fund.

PGIM India Mutual Fund has informed that pursuant to the SEBI Circular no. SEBI/HO/IMD/PoD2/P/CIR/2025/56 dated April 22, 2025 read with para 8.4.5.4 of SEBI Master Circular for Mutual Funds dated June 27, 2024, the cut-off timings for applicability of NAVs in respect of redemption and Switch out in PGIM India Overnight Fund have been revised for transaction through online mode with effect from June 01, 2025. The investors are requested to take note of revised cut-off timings as under: Where the Redemption including Switch Out application is received through online mode (verifiable via two factor authentication process), the cut-off timing of 7 pm shall be applicable for overnight fund scheme.

The above-mentioned change shall form an integral part of the SAI of the Fund, SID and KIM of the aforesaid scheme of the Fund. All the other provisions of the SAI of the Fund, SID and KIM of the aforesaid scheme of the Fund, except as specifically modified herein above, remain unchanged.


  RELATED NEWS >>