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What is the cut-off time for mutual fund transactions on Coin and what is the applicable NAV?

The cut-off timings vary depending on the bank the funds are being transferred from and 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 like Equity, Debt, Hybrid, etc.

Payment mode Order type Cut-off time Applicable NAV
UPI Lumpsum and SIP 2 PM T day
Netbanking (direct settlement banks) Lumpsum and SIP 2 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 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.

List of supported banks for direct and non-direct settlement (DOC). If netbanking or UPI option is not available to the user, the order will be placed on BSE, but the payment will have to be completed using NEFT or RTGS. The account details of ICCL will be displayed to which the amount is to be transferred.

Cut-off time for redeeming mutual funds.

The cut-off time for redemption orders is 3:00 PM. The NAV of T day will be applicable for orders placed within the cut-off time. Exit load applicable for redemption can be checked on the Scheme page on Coin. See What does Exit load mean? to know more.

Did you know?

  • The exchange and the payment aggregator decide the cut-off time for mutual fund orders.
  • Funds for mutual fund purchases can be added only through the primary bank account linked with Zerodha. The amount from mutual fund redemptions is credited only to the primary bank account. Adding funds through secondary bank account will be available soon.