The NAV you receive depends on when the Indian Clearing Corporation Limited (ICCL) receives your funds, not when you place your order on Coin. When you purchase mutual funds on Coin, your funds transfer to the payment aggregator, which then transfers them to ICCL. The timings are as follows:
Liquid schemes
| Payment mode | Order type | Cut-off time | Applicable NAV |
| UPI | Lumpsum and SIP | 12:30 PM | T -1 day |
| Netbanking (direct settlement banks) | Lumpsum and SIP | 12:30 PM | T -1 day |
| Netbanking (non-direct settlement banks) | Lumpsum and SIP | 12 AM to 11:59 PM | T day |
| NEFT and RTGS | Only for lumpsum | 12:30 PM | The NAV may vary from T-1 day to T+5 day, depending on the day the funds are credited to ICCL’s bank account. |
Other schemes include equity, debt, hybrid, etc.
| Payment mode | Order type | Cut-off time | Applicable NAV |
| UPI | Lumpsum and SIP | 2:00 PM | T day |
| Netbanking (direct settlement banks) | Lumpsum and SIP | 2:00 PM | T day |
| Netbanking (non-direct settlement banks) | Lumpsum and SIP | 12 AM to 11:59 PM | T+1 day |
| NEFT and RTGS | Only for lumpsum | 2:00 PM | The NAV may vary from T day to T+5 day, depending on the day the funds are credited to ICCL’s bank account. |
You can check the
list of supported banks for direct and non-direct settlement.
If netbanking or UPI options are not available to you, your order will be placed on BSE, but you will need to complete payment using NEFT or RTGS. The system will display ICCL's account details for the transfer.
Mutual fund redemptions
You can redeem mutual funds until 3:00 PM cut-off time. Orders placed within this time receive T day NAV. Check the exit load applicable for redemption on the scheme page on Coin.
Payment and timing details
- The exchange and payment aggregator determines the cut-off times for mutual fund orders.
- You can add funds for mutual fund purchases through your primary or secondary bank accounts linked with Zerodha. However, mutual fund redemption amounts are credited only to your primary bank account.
- If the payment aggregator reports your funds after the mentioned cut-off time, you will receive the next trading day's NAV.
- To ensure your Systematic Investment Plan (SIP) starts within the current month, set it up at least 2 days before your preferred execution date. For example, if you want your SIP to execute on the 5th of each month, set it up on or before the 2nd of the current month. If you set up the SIP on the 3rd with an execution date of the 5th, it will start from the next month.