What if I purchase mutual fund on Saturday?

Saturdays and Sundays are usually non-business days for MFs. There is no net asset value (NAV) allotment on non-business days, and the allotments to funds are resumed the following business day. The decision will impact equity investors who either purchase or redeem units after the cut-off time on Friday.

Can I place mutual fund order on Saturday?

For Example, you place an order for a non-liquid fund on a Friday before 1:30 PM and maintain sufficient funds in your trading account, the order will be processed on Friday and the units will be allotted to you on Monday (T+1 day) as Saturday and Sunday is a non-business day.

Which date NAV is applicable for purchase?

What is changing? From the 1st of February 2021, the Net Asset Value (NAV) date applicable to all mutual fund purchases will be the date on which funds are received by the fund house (or AMC).

What is the NAV applicable when you buy mutual funds?

NAV is commonly used as a per-share value calculated for a mutual fund, ETF, etc. The cut off time for liquid and overnight funds’ redemption or the switches of NAV is before or at 3 PM. Similarly, the cut off time for the subscriptions and the purchase of the NAV is 1 PM.

Which NAV is applicable to buy mutual funds?

As per the new rule, you will be allotted the SIP units at the NAV for 10th only if the money is received/credited to the mutual fund’s bank account before 3.00 p.m. on 10th. Else, the SIP units will be allotted at the NAV of the next business day on which funds are received before the cut-off time which is 3 p.m.

Which NAV is applicable for purchase?

Which NAV is applicable for buy of mutual fund?

In a circular dated September 17, Sebi said that the same day net asset value (NAV) is applicable on your mutual fund investments only if your money reaches the fund house on the same day. This change was earlier applicable from January 1, 2021, but is now effective January 29, 3.00 p.m.