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What NAV is applicable when placing a mutual fund order on CubePlus?
When mutual funds are purchased on CubePlus, the funds are transferred to the payment aggregator, who then transfers the funds to the Indian Clearing Corporation Limited (ICCL). NAV will be allotted based on the date and time the ICCL receives the funds. The timings are as follows:
Liquid schemes:
Payment Mode | Order Type | Cut-off time | Applicable NAV |
UPI | Lumpsum and SIP | 12:30 PM | T-1 day |
Netbanking (direct settlement) | Lumpsum and SIP | 12:30 PM | T-1 day |
Netbanking (Non Direct settlement banks) | Lumpsum and SIP | 11:59 PM to 12:30 PM | T day |
NEFT and RTGS | Only for lumpsum | 12:30 PM | The NAV may vary from T-1 to T+5 day, dependending on the day the funds are creadited to ICCL's bank account |
Other schemes include equity, debt, hybrid, etc.
Payment Mode | Order Type | Cut-off time | Applicable NAV |
UPI | Lumpsum and SIP | 12:30 PM | T-1 day |
Netbanking (direct settlement) | Lumpsum and SIP | 12:30 PM | T-1 day |
Netbanking (Non Direct settlement banks) | Lumpsum and SIP | 11:59 PM to 12:30 PM | T day |
NEFT and RTGS | Only for lumpsum | 12:30 PM | The NAV may vary from T-1 to T+5 day, dependending on the day the funds are creadited to ICCL's bank account |
Cut-off time for redeeming mutual funds
The cut-off time for redemption orders is 3:00 PM. The NAV of T day will be applicable for orders placed within the cut-off time. Exit load applicable for redemption can be checked on the Scheme page on Tradejini.
Understanding Cut-Off Times and NAV Allotment for Mutual Fund Buyers
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