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Cut off Time about NAV

The cut off time for investment and redemption, in case of investing through NSE-NMF-II.

 While you can invest in mutual funds on any business day, the NAV you get depends on the cut off time of a scheme. The cut off time differs across scheme categories – equity, debt and liquid funds.Let's look at the cut off times of each scheme category:

 Liquid funds (subscription)

 If the transaction is received up to 2 pm and the funds are received by the scheme before 2 pm, you will get the previous day's NAV

 If the transaction is received after 2 pm and funds are available for utilization on the same day, you will get the same day's NAV

Liquid schemes(redemption)

 If the transaction is received up to 3 pm, you will get the same day's NAV

 If the transaction is received after 3 pm, you will get the next day's NAV

 Equity and Debt Schemes (subscription)

 For amount less than Rs. 2 lakh 

If the transaction is received up to 3 pm, units are allotted on the same day's NAV1

 If the transaction is received after 3 pm, units are allotted on the next day's NAV

 For Rs. 2 lakh and above

 If the transaction is received up to 3 pm and funds are available for utilization before this cut off time, units are allotted on the day on which the transaction is received

 If the transaction is received after 3 pm and funds are available for utilization, units are allotted on the next day's NAV

Equity and debt schemes (redemption)

If the transaction is received up to 3 pm, units are allotted on the day of the transaction received

If the transaction is received after 3 pm, units are allotted on the next business day 

Since mutual funds are long term products, the NAV date doesn't matter much if you are investing in equity funds. However, if you are investing a large sum in liquid fund for a few days, a day's difference would matter.

 

     Invest Online-NSE

NSE has developed an online platform MFSS. This is a transactional online platform which facilitates you invest as lump sum, redemption, Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP), Systematic Transfer Plan (STP), Switch and other transactions of mutual fund units under the strictly guidance of your adviser.



 

 

 

 

 

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