Although you can invest in a mutual fund (MF) on any business day of the year, you may not always get the same day’s net asset value (NAV). Depending on what time you submit your application, you will be alloted the appropriate day’s NAV. And this could be the NAV of the same day, previous day or the next day. There are separate rules for liquid funds and equity or debt funds. Here is a look at what the cut-off timings are.
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