Liquid and overnight fund - Purchases and Switch ins - 1.30 pm - If application is received upto the cut off time on a day and funds are available for utilisation before the cut-off time, the closing NAV of the day immediately preceding the day of receipt of application is applicable
Equity Oriented Funds, Debt funds (Other than Liquid and overnight funds) - Redemptions and Switch outs - 3.00 pm - If application is received upto the cut off time, the closing NAV of the day on which the application is received is applicable.
Liquid and overnight funds - Redemptions and Switch outs - 3.00 pm - If application is received upto the cut off time, the closing NAV of the day immediately preceding the next business day is applicable.
The above cut-off timings are not applicable to : New Fund Offers (NFOs), International Schemes, Transactions in Mutual Fund units undertaken on a recognized Stock Exchange
TDS is applicable for redemptions by NRIs. An RTA will check the residential status of each redemption application and flag the NRI applications for TDS.
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