Ch.9 · KYC and Folio Management · hard
Under SEBI's large purchase rule, for a purchase of ₹2 lakh or more in any mutual fund scheme (except liquid/overnight), which NAV is applicable when the application is submitted before cut-off but funds arrive the next day?
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EXPLANATION
For purchases of ₹2 lakh and above, NAV allotment is linked to the realisation of funds — the NAV of the day the funds are credited to the AMC's account applies, regardless of application submission time.
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