News From Press Mutual Fund Investment: Small investors to get same day NAV for some more time

Mutual Fund Investment: Small investors to get same day NAV for some more time

The criteria of applying NAV on the day on which the funds are available for utilisation is currently applicable on investments of Rs 2 lakh or more.

Financial Express Jan 5, 2021

The directive of Securities and Exchange Board of India (SEBI) that – in case of purchase of units of mutual fund schemes (except liquid and overnight schemes), the closing NAV of the day shall be applicable on which the funds are available for utilisation irrespective of the size and time of receipt of such application – has made the small investors a worried lot.

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