Parag Parikh Flexi Cap Fund
In case of online applications, your money is usually debited as soon as you complete the application process. However, we often receive it only on the next working day (T+1) as all collections are pooled together and sent to us at one stroke by our payment gateway provider.
However, we currently offer the 'Direct Credit Facility' to Account Holders of the following Banks (Net Banking Transactions only... Not for Debit Card transactions):
- Axis Bank
- HDFC Bank
- ICICI Bank
- State Bank of India
This ensures that monies transferred by the Account holders of these Banks in the usual course via the Payment Gateway, will reach us virtually instantaneously. Consequently, Units of PPFCP can be allotted on the same day (for all Purchases undertaken prior to the prevailing cut-off time).
We intend to extend this facility to other Banks in due course.
In case of other banks, you may choose to first transfer money via
NEFT/RTGS to our Collection Accounts and then apply online, quoting the Unique Transaction Receipt (UTR) No. in your Application.
Please
contact us in case you have any queries in this regard.
| Subscription Request (Fresh/Additional Purchase) |
| Transaction Type |
Amount |
Cut off Time |
Credit confirmation |
Applicable NAV |
| Application Received (Mon-Fri.)* |
Below Rs. 2 lakhs |
Before 3:00 PM |
N.A. |
Same day |
| Application Received (Mon-Fri.)* |
Below Rs. 2 lakhs |
After 3:00 PM |
N.A. |
Next business day |
|
| Application Received (Mon-Fri.)* |
Above Rs. 2 lakhs |
Before 3:00 PM |
Mandatory |
If credit is confirmed before 3:00 PM then that particular day. |
| Application Received (Mon-Fri.)* |
Above Rs. 2 lakhs |
After 3:00 PM |
Mandatory |
Day and Time when Credit is confirmed – If received after 3:00 PM, then the next business day |
| Application Received (Sat-Sun.) |
Below Rs. 2 lakhs |
Any Time |
N.A. |
Next business day |
| Application Received (Sat-Sun.) |
Above Rs. 2 lakhs |
Any Time |
N.A. |
Day and Time when Credit is confirmed – If received before 3:00 PM then that particular day. If received after 3:00 PM, then the next business day |
| * : Working Days only |
|
All transactions submitted on non-working days will be processed on the next working day. |
|
|
| Redemption Request |
| Transaction Type |
Amount |
Cut off Time |
Applicable NAV (Day 'T') |
Payout Schedule |
| Redemption received (Mon–Fri)* |
Any Amount |
Before 3:00 PM |
Same day |
T+3 Working Days |
| Redemption received (Sat.-Sun.) |
Any Amount |
Any time |
Next business day |
T+3 Working Days |
| * : Working Days only |
|
All transactions submitted on non-working days will be processed on the next working day. |
|
|
| Switch/Systematic Transfer Plan (STP) |
| Transaction Type |
Amount |
Cut off Time |
Applicable NAV |
| Liquid to PPLTEF |
Below Rs. 2 lakhs |
Before 1:00 PM* |
Liquid - Same day/Equity – Same day |
| Liquid to PPLTEF |
Below Rs. 2 lakhs |
After 1:00 PM* |
Liquid – Next business day/ Equity – Next business day |
| Liquid to PPLTEF |
Above Rs. 2 lakhs |
Before 1:00 PM* |
Liquid - Same day/Equity – Next business day |
| Liquid to PPLTEF |
Above Rs. 2 lakhs |
After 1:00 PM* |
Liquid – Next business day/ Equity – T+2 |
|
| PPFCP to Liquid |
|
Before 1:00 PM* |
Equity – same day/Liquid – T+2 working days |
| PPFCP to Liquid |
|
After 1:00 PM* |
Liquid – Next business day/ Equity – T+2 |
| * : Working Days only |
|
All transactions submitted on non-working days will be processed on the next working day. |
|
