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"Schemes in L1 Settlement Type shall be available for subscription transactions of Rs.200000 and above. The minimum purchase amount for these schemes shall be Re 2 lakhs. AxisDirect Cut off time for order placement in L1 schemes will be 2 pm. The units will get allotted as per T day NAV i.e. same day NAV. Units will get allotted on T +1 day."

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