If you make a payment for mutual funds on a weekend or bank holiday, it will be processed on the next working day. This means that your transaction will be valued based on the Net Asset Value (NAV) of the next business day, not the day you made the payment.
For liquid and overnight funds, the cut-off times are 1:30 PM for subscriptions and 3:00 PM for redemptions. Payments made after these cut-off times on a working day, or on a weekend or holiday, will be considered for the next business day.
Additionally, payments made through Net Banking may not result in same-day NAV unless processed from select banks such as Axis Bank, ICICI Bank, HDFC Bank, Yes Bank, or SBI Bank.
In summary, transactions made on weekends or holidays will be processed on the next working day, impacting the NAV applied to your investment.
If you make a payment for mutual funds on a weekend or bank holiday, it will be processed on the next working day. This means that your transaction will be valued based on the Net Asset Value (NAV) of the next business day, not the day you made the payment.
For liquid and overnight funds, the cut-off times are 1:30 PM for subscriptions and 3:00 PM for redemptions. Payments made after these cut-off times on a working day, or on a weekend or holiday, will be considered for the next business day.
Additionally, payments made through Net Banking may not result in same-day NAV unless processed from select banks such as Axis Bank, ICICI Bank, HDFC Bank, Yes Bank, or SBI Bank.
In summary, transactions made on weekends or holidays will be processed on the next working day, impacting the NAV applied to your investment.
