News From Press Mutual funds observing non-business day on Feb 1, orders placed today will get Monday's NAV

Mutual funds observing non-business day on Feb 1, orders placed today will get Monday's NAV

Source: Moneycontrol Feb 1, 2025

Despite equity markets being open for Budget Day on February 1, no sales or redemptions of mutual fund units would be allowed to take place as asset management companies (AMCs) have maintained it as a non-business day.

This means that any requests for sales or redemptions would be applicable at Monday's (February 3) closing net asset value or NAV.

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