Mutual fund money allotment

[GAME_CHANGER]

When I invest 100rs, it doesn’t allot 100rs, but 99.9 or 99.8. why this happens?

[Bhuvan]

@GAME_CHANGER

When I invest 100rs, it doesn’t allot 100rs, but 99.9 or 99.8. why this happens?

That’s because of rounding the NAV. We’ve explained this here:

Mutual Funds Investment by Zeodha Coin | 0.17% Deducted | Why?

Hi Rakhi, There is no deduction from your invested amount for any investments on COIN. When you divide the invested amount by the allotted NAV, you will get value as 0.20735788727. If you multiply this with the average NAV of 2411.29 you will get the exact invested amount Rs 500. Since, the AMC rounds up the units till 3 decimal places so you will receive 0.207 units in your demat account and the same is reflecting in your portfolio on COIN. The invested amount on COIN is a product of Units …

[Heeru_Nisa]

@Anusha_Raju_Porwal you may refer to this post…