Dear Customer, As a result of revision in trading hours for various markets by Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) has decided to advance the cut-off timing for both subscription and redemption in various mutual fund schemes for a temporary period (effective from April 7, 2020 till further notice, both dates inclusive). Taking into account internal transaction processing time, we at ICICIdirect.com have also temporarily changed the internal cutoff time for the above mentioned period, as given below.   Revised Cut-off time prescribed by SEBI Revised Cut-off time on ICICIdirect.com For Subscription (Purchase) Liquid & Overnight Schemes 12:30 PM 12:00 PM Other than Liquid & Overnight Schemes (Equity, Debt & Hybrid schemes) 01:00 PM 12:30 PM For Redemption and Switch Liquid & Overnight Schemes 01:00 PM 12:30 PM Other than Liquid & Overnight Schemes (Equity, Debt & Hybrid schemes) 01:00 PM 12:30 PM Impact of the changes on you: If you place a purchase order in Liquid or Overnight scheme(s) on a business day by 12:00 PM on ICICIdirect.com, you will get previous day's NAV; beyond which you will get same day's NAV. In case of other than Liquid & Overnight schemes (debt, equity or hybrid), if you place a purchase order on a business day by 12:30 PM on ICICIdirect.com, you will get same day's NAV; beyond which you will get next day's NAV. In case of redemptions in all scheme types (Liquid, Overnight & Others), if you place an order on a business day before cut-off of 12:30 PM on ICICIdirect.com, you will get same day's NAV, else you will get next day's NAV. Missing the cut-off time would also extend the payment cycle by another business day. Please keep a note of the revised cut-off timings while placing your mutual fund orders through ICICIdirect.com. Take Care & Stay Safe. Regards, ICICIdirect.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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