What is the cutoff time for placing a Mutual Funds order to receive the same-day NAV ?
A mutual fund’s assets value changes every working day.
That is how it goes up over time (or down if it is a bad mutual fund). This change reflects in the NAV on every working day.
The cut-off time decides which day’s NAV you get. If you invest after the cut-off time on any given day, you’ll get the next day’s NAV. If invested before the cut-off time, then same day’s NAV.
This cut-off is different for different mutual funds. For most mutual funds, the cut off is 3 pm.
Many investors obsess about this.
The truth is, a difference of one day in getting the NAV doesn’t really make much difference in the long term.
Most investors should not worry too much about it.
