As per SEBI circular dated 31st December, 2020, the date for NAV applicability across all schemes has been extended to 01-Feb-2021 from 01-Jan-2021.
Owing to the change, FundsIndia’s revised cut-off time for purchases are applicable from 1st February, 2021.
New cut off timings for purchases:
| Payment Mode | Existing Cut-Off >= 2 lakhs | Existing Cut-Off < 2 lakhs | New Cut-Off from Feb 1, 2021 |
Net Banking | 1:00 PM | 2:00 PM | 1:00 PM |
UPI | NA | 2:00 PM | 2:00 PM |
NEFT / RTGS / IMPS | 1:45 PM | 1:45 PM | 1:45 PM |
SIP/ Lumpsum Mandate | T+1 NAV from date of debit | T+1 NAV from date of debit | T+1 NAV from date of debit |
Note: For NEFT / IMPS / RTGS payment should be received by us before 2:00 PM with required details.
Should you have any queries or clarifications, write to us at contact@fundsindia.com.
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