Which day’s NAV will I be allocated?
As long as the amount is less than Rs.2 Lac the cutoff time is 3 PM. If you invest before 3 PM, the NAV will be of that day. After 3 PM, the NAV will be of the next day. For liquid funds the cutoff time is 2 PM – if you invest before 2 PM the NAV is taken from the previous day and after 2 PM the NAV is taken of the current day. For amounts larger than Rs.2 Lac the investment is considered complete at the time the money is received by the mutual fund. This could be instant or could take some time depending on the NEFT settlement.