Each mutual fund scheme has a Net Asset Value (NAV) that represents the price of a single unit. When you invest, for example, ₹10,000 at a NAV of ₹10 per unit, you'll receive 1,000 units. If the NAV rises to ₹11, your 1,000 units would be worth ₹11,000.
Redemption orders placed before 3 PM on business days will receive the same day’s NAV, while those placed after 3 PM will receive the next business day’s NAV. Orders on non-business days are processed the next business day at 9:30 AM.
Please note:
The NAV displayed reflects the closing value of the previous business day; actual redemption amounts may vary based on the current NAV.
For Liquid and Overnight Funds:
- Purchases made before 1:30 PM use the NAV from the previous day.
- Purchases made after 1:30 PM use the same-day NAV.
For all other schemes, purchases made before 2:30 PM use the same-day NAV.
Settlement Turnaround Time (TAT) for redemption:
- Liquid funds: T+1
- Debt funds: T+2
- Equity Funds: T+2