If I order any Mutual Fund at 11:00 am, NAV Rate will be considered at 11: 00 am NAV at time of execution at 1:30 pm?
If it always 1:30 pm, we cannot take advantage of the market dips. Please answer this.
If I order any Mutual Fund at 11:00 am, NAV Rate will be considered at 11: 00 am NAV at time of execution at 1:30 pm?
If it always 1:30 pm, we cannot take advantage of the market dips. Please answer this.
All Mutual Funds publishes the NAV on AMFI website (http://www.amfiindia.com/) latest by 9.00 PM on all working days after considering all the components which affects the NAV. This includes the Accrual / Accretion part, Expense part, Realized part and the Unrealized part (Market movement) etc. So, If you have been allotted units on that day end of day NAV , rest assured that you would have enjoyed the market dips (Lower NAV results in Higher units allocation)
Mutual fund NAV is calculated at the end of the day and does not change through out the day unlike ETF. So closing price of shares is a factor in NAV, it does not vary during trading hours.
If you want to time the market, ETFs or direct equity is the way.