Ch.7 · Total Expense Ratio Limits · hard
What is the NAV applicability for purchases made through NACH (National Automated Clearing House) for SIPs?
0% of students got this wrong
EXPLANATION
For NACH-based SIP debits, the NAV applicability follows the same rules as regular purchases. If the bank debit is processed and funds are credited to the AMC by the 3 PM cut-off on the SIP date, investors get that day's closing NAV. If funds arrive after cut-off (common with some bank processing delays), the next business day's NAV applies. This is why AMC SIP processing confirmation is important.
Practising Chapter 7 one question at a time?
Try the full chapter — 80 questions, tracked score, weak area breakdown.