The Net Asset Value (NAV) applicable to a Mutual Fund purchase depends on the time of payment realisation and the cut-off time set by SEBI.
Cut-Off Timings for Mutual Fund Orders:
Fund Type | Cut-Off Time | UPI / Direct Net Banking | Nodal Bank Transfers | Mandate / Auto-Pay |
| Liquid & Overnight Funds | 12:30 PM | Same-day NAV | Next-day NAV | Next-day NAV |
| Equity, Debt, Hybrid Funds | 2:00 PM | Same-day NAV | Next-day NAV | Next-day NAV |
| Redemption Requests | 3:00 PM | Processed as per AMC rules |
- Same-day NAV is applicable if the payment reaches the AMC before the cut-off time.
- Next-day NAV is applicable if the payment is received after the cut-off time.