What is the cut-off time for mutual fund transactions on Coin?
The cut-off timings for mutual fund transactions are as follows:
For purchase transactions
UPI
|
Type of mutual fund |
Cut-off time |
NAV allotment |
|
Liquid funds |
12:30 PM |
T-1 day (previous day) |
|
Other funds |
2 PM |
T day |
Direct settlement netbanking
|
Type of mutual fund |
Cut-off time |
NAV allotment |
|
Liquid funds |
12:30 PM |
T-1 day (previous day) |
|
Other funds |
2 PM |
T day |
Non-direct settlement netbanking
If the funds are transferred on T day between 12 AM to 11:59 PM, the amount will be settled to the exchange on T+1 day.
|
Type of mutual fund |
Time duration in which the payment has been made by the user |
NAV allotment |
|
Liquid funds |
12 AM to 11:59 PM |
T day |
|
Other funds |
12 AM to 11:59 PM |
T+1 day |
List of supported banks (DOC) for direct and non-direct settlement if funds are being transferred through netbanking.
For redeeming mutual funds:
The cut-off time for all redemption orders is 3:00 pm. The NAV of T day (released at the end of the day by the AMC) will be applicable for orders placed within the cut-off time. You can check if any exit load is applicable for your mutual fund redemption on the Scheme page on Coin.
Did you know?
1. The cut-off time for mutual fund orders is decided by the exchange and the payment aggregator.
2. The funds for purchase and redemption transactions on Coin will be settled through the user's primary bank account registered with the Zerodha demat account.
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