Ch.9 · KYC and Folio Management · medium
An investor wants to invest ₹50,000 in an equity fund at 2:30 PM by RTGS transfer that is credited to the AMC's collection account the same day. Which NAV applies?
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EXPLANATION
For equity funds with amounts ≥ ₹2 lakh (or as applicable), when the application and funds are received before the 3 PM cut-off and funds are credited on the same day, same-day NAV applies.
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