What is NAV? What NAV will I get if I invest today?

What is NAV? What NAV will I get if I invest today?

Every mutual fund scheme option has a NAV, which indicates the price of a single unit and mutual funds are allotted in units. When you invest 10,000 and NAV per unit is 10, you will get 1,000 units. This is for ease of buying and selling and understanding growth, so if NAV per unit changes to 11, then 1,000 units are now worth 11,000.

All redemption orders placed on the business days prior to 3 PM will get the same day’s NAV and any redemption order placed after or at 3 PM will get the next business day’s NAV. 

Any investments or redemption made on Non Business Days will be processed on the next business day at 9:30 AM in the morning

Please Note: 

  1. The NAV reflecting on the screen is the closing value of the previous business day while the actual amount at redemption may vary based on the actual NAV
  2. Purchase Cut-off for Liquid and Overnight Funds will be taken T-1 days NAV if placed before 1.30 PM
  3. Purchase Cut-off for Liquid and Overnight Funds will be taken same-day NAV if placed after 1.30 PM
  4. Purchase Cut-off for all other schemes will be taken same-day NAV if placed before 2.30 PM
  5. Settlement TAT for redemption:
    - Liquid funds - T+1
    - Debt funds - T+2
    - Equity Funds - T+2

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