Hello,
How NAV is calculated in coin? In ICICI if i purchase before 2.30 PM NAV is calculated current day not previous day.
Thanks
Coin does not calculate the NAV, rather it displays the NAV as declared by the fund house. If you place the order @ 2:30 PM, you will get the next day’s NAV. If you need the same day’s NAV, then you need to place the order before 1:30 PM.
Suppose today i saw nav is 20 in coin at 1.00 PM. Market is down , i know NAV will reduce (ex:19.0) ,If i place order at 3 what price it calculates? Can you please provide with an examples which helps me to purchase mutual funds in coin.