Mutual funds cutoff time

[ShubhS9]

@rp3730

Hi team

I have doubt on mutual funds, I have purchased few funds on 4-Jun bcoz of market fell down, I have placed order at 12.30pm and the payment also done before the cutoff time I think, so that the same day NAV only calculate right? but the NAV calculated on 5-Jun, so kindly explain on the mutual funds cutoff time and how they process the NAV time period.

Hi @rp3730, explained here:

Mutual Funds query

Apologies for the inconvenience faced here but unfortunately recently there was a delay from the payment aggregator to report the payment to the exchanges hence a few orders have been affected here. Hence 2 orders were allotted ands rest were affected. Unfortunately after the pooling mechanism going away in 2022 even the funds are directly transferred from your bank account to the clearing corporation, here the exchange does not get to know from whom the payment has been received till the payme…