When you place a lump sum or an SIP order on Rupeezy, your funds are transferred directly to the Indian Clearing Corporation ( ICCL ) via a payment aggregator. The NAV allocated is based on the date and time ICCL receives the funds. 

This is applicable for both the payment options i.e. UPI and NetBanking which are offered on Rupeezy for your convenience. However it is important to note that the cut-off timings also play a role when it comes to determining the cut-off timings for your NAVs. 

The cut off time for mutual fund investment orders vary based on the type of mutual fund and the payment you use to buy.  The cutoff time to invest in Liquid and Overnight schemes is 12:30 PM, whereas the cut off time for equity mutual fund purchases and other funds is 2:00 PM when paid via UPI on Rupeezy.

Below are the complete details of cut-off timings of mutual funds investments which depends on the category of mutual fund and the payment that you use to invest.

Non-Liquid/Overnight Mutual Funds like Equity, Debt, Hybrid, etc.

*T day stands for Today,  T+1 is the day after today

Liquid and Overnight Mutual Funds

Note: Below is the list of supported banks for direct and non-direct settlement banks

Now let's have a look at the mutual fund redemption cut-off time. 

The cut-off time for redemption orders is 3:00 PM. The NAV of T day will be applicable for redemption orders placed within the cut-off time. Exit load applicable for redemption can be checked on the Scheme Detail page of Rupeezy.

In Closing

Understanding what the NAV is how it is calculated for your orders is useful as it can avoid confusions that arise due to failure to meet cur-off times as investors would tend to expect the same day NAVs. Happy Investing!

Frequently Asked Questions

Q. Can I receive the redemption in my secondary bank account?
Ans: While you can use multiple bank accounts to invest in mutual funds, redemption amount is always sent to your primary account in Rupeezy.

Q. Does Rupeezy decide the cut-off timings of Mutual Funds?
Ans: Cut Off Timings are decided by the payment aggregator and the exchange platform Rupeezy leverages for investment. If the payment aggregator reports fund after above mentioned cut off time you will get next trading days NAV.