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

What is NAV?
NAV stands for Net Asset Value — it represents the per-unit price of a mutual fund.

In simpler terms:
NAV is the market value of one unit of a mutual fund scheme.

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.

What NAV Will I Get If I Invest Today?
The NAV you get depends on the time you make your investment and the type of fund:

🕒 Cut-off Timings (as per SEBI rules):

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.