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/Split 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
Non Direct Settlement Banks:
- Paytm Payments Bank
- Bank of Baroda
- Punjab National Bank
- Bank of Maharashtra
- IDBI Bank
- 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
- State Bank of India
- Yes Bank
- IndusInd Bank
- IDFC Bank
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