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What NAV (Net Asset Value) will be applicable when I place a mutual fund order?

The NAV in mutual funds determines the price at which you buy or sell fund units. The applicability of NAV depends on when you place the order and the type of fund. Here’s how it works:

a. Equity & Debt Mutual Fund (Except Liquid & Overnight Funds)

Order before Cut-Off Time (2.30pm on a business day)
If funds are realized before 2.30pm, the same day NAV will be applicable.
If funds are realized after 2.30pm, the next working day NAV will be applicable.
Order After Cut Off Time (After 2.30 pm)
The next working day NAV will be applicable, regardless of funds realization.

b. Liquid & Overnight Funds

Order Before Cut Off Time (1.00 pm)
You get the previous day’s NAV (if funds are realized before cut off)
Order After Cut-off Time (after 1.00 pm)
You get the same day’s NAV (if funds are realized).

c. Redemption & Switch Orders

Before 3.00 pm → Same-day NAV
After 3.00 pm → Next business day’s NAV

Key Points:

Realization of funds is crucial of NAV Allocation
Business days exclude weekends and market holidays

Last updated: 8 Months Ago

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Mutual Fund

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