How Net Asset Value determined after apply ?

Liquid schemes - Subscription

1. If the application is received by 2.00 p.m. on the same day, and funds are available before 2:00 p.m., without any credit facility, the closing NAV for the day immediately preceding application day will apply. 

2. If the application is received after 2.30 p.m. on any day, and the funds are available for use on that day without taking out any credit facility, the closing NAV the day immediately preceding next business day; and No matter what time the application was received (before or after 2.00 p.m. on any day), if the funds are not available before 2:00 pm without using any credit facility, the closing NAV for the day immediately preceding the day when the funds were available for use.

 Liquid schemes - Redemption

1. If the application is received before 3.00pm, the closing NAV of the day immediately preceding next business day; and If the application is received later than 3.00pm, the closing NAV for the next business day. Except for Liquid Schemes, Subscriptions are available for amounts less than INR 2 million 1. If the application has been received by 3:00 p.m. on the day of receipt, the closing NAV will be the same as the date the application was received. 2. If the application is received after 3 00 p.m. the closing NAV will be the next business day. If the amount requested is equal or greater than INR 250,000 If the application has been received by 3:00 pm and funds are available before 3:00 pm, the closing NAV for the day is the date on which it was received. 2. If the application is received after 3 00 p.m., and funds are not available for use, the closing NAV will be the next business day. 3. No matter what time you submit your application, before or after 3:00 PM. If the funds are not available for use, the closing NAV is the date on which they are. Other than Liquid Schemes-Redemption

1. If the application has been received by 3.00 PM, closing NAV on the same day; and If the application is not received by 3.00 PM, closing NAV for the following business day.