Ch.7 · NAV Calculation Rules · hard
What is the 'NAV applicable for online purchases made via internet banking'?
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EXPLANATION
Online purchases via NEFT/IMPS/UPI follow the same NAV applicability rules: if the transaction is completed and funds credited to the AMC's account before 3 PM on a business day, same-day closing NAV applies. IMPS transfers (instant) typically ensure same-day credit. NEFT processing may result in next-day NAV if the transfer is after the batch cut-off. Real-time payment systems (UPI, IMPS) have improved same-day NAV eligibility for online investors.
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