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 1:00 PM use the NAV from the previous day.
- Purchases made after 1:00 PM use the same-day NAV.
For all other schemes, purchases made before 2:30 PM use the same-day NAV.
Important: Only if your money reaches the fund house (i.e., gets cleared)
before the cut-off, you’ll get that day’s NAV.
Example:
If you invest ₹10,000 in an equity mutual fund at 2:15 PM today and your
payment is successful immediately:
You'll get today’s NAV
If your payment is delayed & received to BSE at 2.35 PM
You’ll get tomorrow’s NAV.
Settlement Turnaround Time (TAT) for redemption:
- Liquid funds: T+1
- Debt funds: T+2
- Equity Funds: T+2
Redemption NAV:
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.