Ch.2 · Advantages and Limitations of Mutual Funds · medium
What is the cut-off time for equity mutual fund purchases for same-day NAV applicability?
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EXPLANATION
For equity and hybrid fund purchases, the cut-off time is 3:00 PM. Applications received with valid payment before 3:00 PM on a business day get the same day's NAV. Applications received after 3:00 PM get the next business day's NAV.
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