India
NRI
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 |
