My Portfolio:

Advantage AxisDirect

Liquid funds: If an MFD order is placed before cut-off time of 12:30 p.m. than Transaction (T) - 1 working day (i.e., previous working day) NAV will be applicable. If an order is placed post cut-off time of 12:30 p.m. than same day NAV will be applicable (which will be declared in EOD).

Non Liquid funds: If an MFD order is place before cut-off time of 01:30 p.m than same day NAV will be applicable (which will declared in EOD). If an order is placed post cut-off time of 01:30 p.m than next working day NAV will be applicable.

Example:

Liquid Scheme Name is ABC and Non-Liquid scheme Name is XYZ

NAV as per below:

Date NAV
04-Jul-18 10
05-Jul-18 20
06-Jul-18 30
07-Jul-18 40

Customer placed an MFD order on July 05, 2018 at 10:00 a.m. in both the schemes than applicable NAV would be?

Investment Applicable NAV
ABC Liquid Scheme  10
XYZ Non-Liquid Scheme  20

Customer placed an MFD order on July 06, 2018 at 02:30 p.m. in both schemes than applicable NAV would be?\

Investment Applicable NAV
ABC Liquid Scheme  30
XYZ Non-Liquid Scheme  40
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