Effective February 1, 2021, mutual fund investors only get the same day’s net asset value (NAV) if their application for purchase of units as well as the payment reaches the mutual fund house’s bank account before 3 PM on a business day for all equity and debt schemes. If the payment reaches the mutual fund’s account after 3 PM, then the individual (investor) will get units valued at the next day’s NAV.

At times it can be very important for

Read more: EconomicTimes

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