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, Billdesk.

As a solution to this issue, we currently offer the 'Direct Credit Facility' to Account Holders of ICICI Bank This means that money, despite being routed through the payment gateway, will still reach the respective Collection Account in ICICI Bank, virtually instantaneously. Consequently, the Units can also be allotted more quickly. 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.

Transaction Type Cut off Time Credit confirmation Applicable NAV Payout Schedule
Subscription Request (Fresh/Additional Purchase)
Application Received (Mon-Thu)* Before 2:00 PM Funds received before 2:00 PM Previous day N.A.
Application Received (Mon-Thu)* After 2:00 PM Funds received after 2:00 PM but before 2:00 PM on the following day Same day N.A.
Application received (Friday)* Before 2:00 PM Funds received before 2:00 PM Thursday N.A.
Application received (Friday)* After 2:00 PM Funds received after 2:00 PM but before 2:00 PM on the following day 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 (Amount Below Rs. 2 lakhs) Before 3:00 PM* N.A. Liquid - Same day/Equity – Same day N.A.
Liquid to Equity (Amount Above Rs. 2 lakhs) Before 3:00 PM* N.A. Liquid - Same day/Equity – Next business day N.A.
Liquid to Equity (Amount Below Rs. 2 lakhs) After 3:00 PM* N.A. Liquid – Next business day/ Equity – Next business day N.A.
Liquid to Equity (Amount Above Rs. 2 lakhs) After 3:00 PM* N.A. Liquid – Next business day/ Equity – T+2 N.A.
Equity to Liquid Before 3:00 PM* N.A. Equity – same day/Liquid – T+2 N.A.
Equity to Liquid After 3:00 PM* N.A. Equity – Next business day/Liquid – T+3 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.      

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
© 2018 PPFAS Asset Management Private Limited. All rights reserved.
Sponsor: Parag Parikh Financial Advisory Services Private Limited. [CIN: U67190MH1992PTC068970], Trustee: PPFAS Trustee Company Private Limited. [CIN: U65100MH2011PTC221203], Investment Manager (AMC): PPFAS Asset Management Private Limited. [CIN: U65100MH2011PTC220623]