Date of NAV on Buy Orders

[Anmol_Gupta]

After the application of new rule of paying directly to the AMC via bank, which day’s NAV is applicable on buy orders?

The date of order placement or the date of payment?

For example, I place an order at 11 am on August 22 and pay later at 11 am on August 25, I will get NAV of 22 August or 25 August?

@ShubhS9 @siva

[ShubhS9]

@Anmol_Gupta

After the application of new rule of paying directly to the AMC via bank, which day’s NAV is applicable on buy orders?

The date of order placement or the date of payment?

The NAV applicable will be on the date of payment made. You can check the cutoff timing and applicable NAV for all the payment modes here.

[Chetan_Nahata]

so if I make a mutual fund payment via UPI before 2 PM I get the same day NAV?
and is the timing the same when selling Mutual Fund Units?

[ShubhS9]

@Chetan_Nahata

so if I make a mutual fund payment via UPI before 2 PM I get the same day NAV?

Yes.

@Chetan_Nahata

and is the timing the same when selling Mutual Fund Units?

The cut-off time for redemption orders is 3:00 PM. The NAV of T day will be applicable for orders placed within the cut-off time.