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On Thursday, Sebi issued a mutual fund round to alter the NAV rules. From January 1, traders will get the acquisition NAV of the day when investor’s cash attain AMC. “It has been decided that in respect of purchase of units of mutual fund schemes (except liquid and overnight schemes), closing NAV of the day shall be applicable on which the funds are available for utilization irrespective of the size and time of receipt of such application,” mentioned the Sebi round.
The new NAV rules will not be relevant to liquid and in a single day funds.
Here’s the NAV that you just will get in your funds:
Equity Funds
- Investments upto ₹2 lakh: At current an funding upto ₹2 lakh will get the NAV of the identical day if the applying is submitted earlier than 1 p.m., no matter realisation of funds. However, if the funding software is made after the cut-off time, the investor will get the following day’s NAV.
- Investments over ₹2 lakh: Investors get the NAV of the day when the funds reaches the AMC. Suppose you submit an software to speculate ₹three lakh in an fairness fund earlier than 1 p.m., on Monday. If the funding quantity reaches the mutual fund home on the following day, you will get the NAV of Tuesday as the acquisition NAV and never Monday.
- New rule: From January 1, all investments will fetch the NAV of the day when the funds reaches the AMC, no matter the dimensions of funding.
Debt funds
- Investment upto ₹2 lakh in debt funds apart from liquid and in a single day schemes: At current, if an software is submitted earlier than 1 p.m., the investor will get the NAV of the identical day, no matter realisation of funds.
- Investment over ₹2 lakh in debt funds apart from liquid and in a single day schemes: Any software over ₹2 lakh submitted earlier than the reduce off time of 1 p.m., will get the NAV of the day when the funds attain the AMC.
- New Rule for debt funds apart from liquid and in a single day schemes: Investors will get the NAV, topic to realisation of funds. So, an investor will get the NAV of the day when the funds attain the mutual fund home no matter the dimensions of the funding.
- Liquid funds and Overnight funds: At current, the cut-off time for these class of debt schemes is 12:30 p.m. and the investor will get the NAV of the day when the funds are realised or, we are able to say when the funds attain the AMC.
- New rule: There is not any change within the rules for liquid and in a single day funds . The identical rules apply to the liquid and in a single day funds.
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