Ch.2 · Advantages and Limitations of Mutual Funds · hard
What is the cut-off time for liquid fund purchases for same-day NAV applicability?
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EXPLANATION
For liquid and overnight funds, the cut-off time for purchases is 1:30 PM. Applications received with valid funds before 1:30 PM on a business day get the same day's NAV. This is earlier than the 3:00 PM cut-off for equity/hybrid funds, reflecting the need for same-day deployment in money markets.
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