Which date’s NAV will be applicable for the units allotted to me?
If the order has been placed before the cut-off period, then the units will be allotted at that day’s NAV - the day which the order was placed and executed.
If the order has been placed after the cut-off period, then the units will be allotted at the next working day’s NAV - as the order will get executed the next working day.
- For Liquid funds, unlike other funds, the NAV is calculated every day other than Friday - So, if you have placed an order to buy a liquid fund on Friday, it will be allotted to you with Saturday’s or Sunday’s NAV
- The cut-off time for mutual fund order placement has been restored to 1:30 PM from 9th November 2020.
- Please ensure to maintain sufficient funds in your Zerodha trading account before 11 AM for the SIP orders on the SIP due date. The SIP orders can also be deleted before 11 AM (AMC SIP orders cannot be deleted).