According to Securities and Exchange Board of India (Sebi) rules, net assset value (NAV) is allotted on realization of funds by the fund houses before prescribed time, that is, before 3 pm. No investor can get same day’s NAV, however he may try. —Name withheld on requestThis is an issue many investors are facing since the implementation of Sebi’s rule of units allotment after the realization of funds. According to the rule, if the money is received in the fund’s account before the cut-off time, then units will be allotted based on that day’s NAV. If you are investing directly through the AMC’s website or app, then most AMCs are integrated with major banks and may receive the funds immediately at their end.

Source: Mint October 24, 2021 08:06 UTC