Mutual Fund Cut-Off Timings: All You Need To Know2 min read
An investor can buy/sell Mutual Fund units at any point in the day but here’s why you must consider the cut-off time.
What Is A Cut-Off Time?
The cut-off time determines which day’s NAV will be applicable to your Mutual Fund transaction.
For example, if you invest in liquid schemes where the cut-off time is 12:20 PM, units bought at 11 AM will get yesterday’s NAV and units bought at 1 PM will get today’s NAV.
The cut-off timings vary depending on the type of schemes and on the bank the funds are being transferred from which are as follows:
Important: List of supported banks for direct and non-direct settlement can be found in the Appendix.
Points To Note:
- The above settlement day is applicable only for working days. In case the transaction is done on a non-working day the settlement day will be on next working day as per the above matrix
- The exchange and the payment aggregator decide the cut-off time for mutual fund orders.
- For Top-Up Transaction a T+1 Day NAV will be applicable.
Bottom Line:
As per Mutual Fund regulations by SEBI, the cut-off timings are applicable to all the Mutual Funds. Although investors can buy/sell Mutual Fund units throughout the day, they should be aware of these cut-off timings.
Appendix
Direct Settlement Banks:
- HDFC Bank
- ICICI Bank
- Axis Bank
- Kotak Bank
- IndusInd Bank
- IDFC Bank
- Yes Bank
Non Direct Settlement Banks:
- Paytm Payments Bank
- Bank of Baroda
- Punjab National Bank
- Bank of Maharashtra
- IDBI
- Indian Overseas Bank
- RBL Bank
- Catholic Syrian Bank
- City Union Bank
- Dhanalaxmi Bank
- Karnataka Bank
- Lakshmi Vilas Bank Retail
- South Indian Bank
- Karur Vysya Bank Limited
- Shamrao Vithal Bank
- NKGSB
- Union Bank
- Standard Chartered Bank
- Federal Bank
- AU Small Finance Bank
- Equitas Small Finance Bank
- Canara Bank
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. This content is purely for information and investor awareness purposes. Paytm Money Ltd SEBI Reg. No. INA100009859, BSE STAR MFD ID – 53873, Regd. Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi – 110019.
