What will happen ,if we don't have enough fund to buy Mutual Fund?

Hello,

I have placed an order on Tuesday to buy Liquid Fund at 11 a.m. But actually the amount was debited from my account on next day(Wednesday).

So, can I use that amount of Mutual Fund after 11 a.m. on Tuesday till the end of day ?

@Nitin_Gupta , The order you placed will not go through if there is no fund. Along with this Zerodha will send a Failed order report post 1.30 mentioning the reason of order failure (as per your query it will mentioned as insufficient fund).
Also do note that if tuesday was working day and order was placed prior 1.30, amount should have been deducted the same day and not the next day.