Why does the NAV change update on Zerodha Coin take longer compared to other apps?
In compliance with SEBI regulations, mutual funds must disclose their Net Asset Value (NAV) daily. The NAV per unit for all mutual fund schemes must be updated on both the AMFI website and the respective mutual funds’ websites by 11 p.m. on the same day. However, Fund of Funds (FoFs) have until 10 a.m. the next business day to update their NAV. (AMFI Website)
On Coin, NAVs are updated in multiple batches to ensure they are processed and made available as early as possible.
| Batch | Time slot | Schemes |
|---|---|---|
| Batch 1 | 12:45 AM - 1:00 AM | Most equity and Liquid schemes. |
| Batch 2 | 8:30 AM - 8:45 AM | Remaining equity and liquid schemes not updated in Batch 1. |
| Batch 3 | 12:30 PM - 12:45 PM | All international funds and Fund of Funds (FoFs). |
All NAVs are usually updated by 8:30 AM on Coin at the latest. However, delays can occur in rare cases due to data availability from fund houses.
Further if a fund holds any international security, its NAV update will depend on the latest NAV received from the fund house and will be updated in Batch 3 accordingly.
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