MF Orders
Placement, cancellation and status
Cut-off timings from 1st Feb 2021 are as below for Purchase and Redemption orders. Fund realization time may vary, based on the Bank & the mode used for making the payment witin the cut-off.
For Liquid and Overnight Funds, the cut-off time is 1:00 PM. Investments made through Net Banking (Direct) and UPI will receive the same day NAV. Investments made through Net Banking (Nodal) and One-Click Mandate will receive the next day NAV.
For Other Funds (Equity and Debt), the cut-off time is 2:00 PM. Investments made through Net Banking (Direct) and UPI will receive the same day NAV. Investments made through Net Banking (Nodal) and One-Click Mandate will receive the next day NAV.
For Redemptions, the cut-off time is 3:00 PM.
Note:
Direct Banks: Where your transfer happen within same bank between sender & receiver, At present BSE STAR MF has direct banks for HDFC Bank, Axis Bank, ICICI Bank, SBI Bank, Kotak Mahindra Bank.
Nodal Banks: Where your transfer happen inter-bank. Bank other than above are classified under Nodal Banks account.
Lastly, The NAV applicable to purchase order will be of date on which funds are received by the AMCs.
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