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  • News From Press Buy-the-dip didn't work for mutual fund investors on election result day due to 'tech glitch'

    Buy-the-dip didn't work for mutual fund investors on election result day due to 'tech glitch'

    Source: ET Jun 8, 2024

    Mutual fund investors, who were looking to buy the dip as the stock market crashed on Tuesday amid election results, were disappointed as a "technical glitch" delayed execution and they were allotted NAVs the next day.

    On a regular day, when you buy units before the cut-off time till 2 pm, same-day units are allotted but June 4 was an exception. Many investors complained that they invested well before the cut-off time but NAVs reflected the next day's price.

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