Transaction Timelines - Parag Parikh Liquid Fund

Please Note: In the case of Parag Parikh Liquid Fund, we can only allot units after your application amount is credited to our 'Liquid Fund Collection Account'. This is a SEBI Regulation.

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 and sent to us at one stroke by our payment gateway provider.

We currently offer the 'Direct Credit Facility' to Account Holders of the following Banks (Net Banking Transactions only):

• Axis Bank
• HDFC Bank
• ICICI Bank
• Kotak Bank
• State Bank Of India
• Yes Bank

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 PPLF can be allotted on the same day (for all Purchases undertaken prior to 1:30 PM).

We will 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.

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Transaction Type	Cut off Time	Credit confirmation	Applicable NAV	Payout Schedule
Subscription Request (Fresh/Additional Purchase)
Application Received (Mon-Thu)*	Before 1:30 PM	Funds received before 1:30 PM	Previous day	N.A.
Application Received (Mon-Thu)*	After 1:30 PM	Funds received after 1:30 PM but before 1:30 PM on the following day	Same day	N.A.
Application received (Friday)*	Before 1:30 PM	Funds received before 1:30 PM	Thursday	N.A.
Application received (Friday)*	After 1:30 PM	Funds received after 1:30 PM but before 1:30 PM on Saturday	Sunday	N.A.
Application received (Saturday)*	Anytime		Sunday	N.A.
* : Working Days only	All transactions submitted on non-working days will be processed on the next working day.
Redemption Request
Redemption received (Mon–Thu)*	Before 3:00 PM	N.A.	Same day	Next working day**
Redemption received (Mon-Thu)*	After 3:00 PM	N.A.	Next business day	T+2 Working day**
Redemption received (Friday)*	Before 3:00 PM	N.A.	Sunday	On Monday (or the following Working Day)**
Redemption received (Friday)*	After 3:00 PM	N.A.	Monday	On Tuesday (or the following Working Day) **
Redemption received (Saturday)*	Anytime	N.A.	Monday	On Tuesday (or the following Working Day) **
* : Working Days only	All transactions submitted on non-working days will be processed on the next working day.
Switch/Systematic Transfer Plan (STP)
Liquid to Equity	Before 3:00 PM*	N.A.	Switch out scheme (PPLF) :same day NAV and Switch In scheme (PPFCF/PPTSF) :switch out settlement NAV date.	N.A.
Liquid to Equity	After 3:00 PM*	N.A.	Switch out scheme (PPLF): Next Business day NAV and Switch In scheme (PPFCF/PPTSF) :switch out settlement NAV date.	N.A.
Equity to Liquid	Before 3:00 PM*	N.A.	Switch out scheme (PPFCF): same day NAV and Switch In scheme (PPLF): switch out settment day minus one day NAV	N.A.
Equity to Liquid	After 3:00 PM*	N.A.	Switch out scheme (PPFCF): next business day NAV and Switch In scheme (PPLF) :switch out settment day minus one day NAV	N.A.
* : Working Days only	All transactions submitted on non-working days will be processed on the next working day.
**: In the ordinary course of business.

Parag Parikh Liquid Fund This product is suitable for investors who are seeking* Income over short term Investments in Debt/money market instruments *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.