What is the applicable NAV for my investment?

As per the latest SEBI Circular, from Feb 1st, 2021 onwards, all AMCs will allocate Mutual Fund NAV on the same day, if the investment amount is credited to AMCs bank account before the cut-off time.

As per these changes, following NAV applicability rules apply for all investments on ET Money:

Netbanking

• If you are using netbanking of ICICI, HDFC, Axis, Kotak, IDBI, SBI & Yes Bank, AMCs will process the request on the same day provided the payment is successful and credited to AMC's account before the cut-off time.
• If payment happens after the cut-off time, the processing will occur on the next business day.
• For all other banks except mentioned previously, AMCs will process your request on the next business day, i.e, you will get next day NAV.

UPI

Irrespective of the bank or UPI app, if payment is successful and credited to AMC's account before the cut-off time, AMCs will process your request on the same day.

Easy Pay

For all investments where EasyPay is the payment mode, AMCs will process the request as soon as the amount is credited to AMCs banks account. The time differs from bank to bank, usually takes 1-2 business days.

Cutoff-timings are as below:

• For liquid and overnight funds, the NAV allotted is of previous day (if payment is done before cutoff). Cutoff time for liquid and overnight funds - 12 PM
• For other categories, NAV allotted is of same day (if payment is done before cutoff). Cutoff time for other categories - 2 PM