Disclosure of payment options and their efficiency (Unit Allotment Timelines).
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):
| Subscription Request (Fresh/Additional Purchase) | ||||
|---|---|---|---|---|
| Transaction Type | Amount | Cut off Time | Credit confirmation | Applicable NAV |
| Application Received (Mon-Fri.)* | Any Amount | Before 3:00 PM | Mandatory | If credit and time stamped date and time is confirmed before 3:00 PM then same day NAV. |
| Application Received (Mon-Fri.)* | Any Amount | After 3:00 PM | Mandatory | If credit and time stamped date and time is confirmed after 3:00 PM then NAV of the day and time when such credit is received. |
| * : Working Days only | All transactions submitted on non-working days will be processed on the next working day. | NAV will be based on Funds available in Scheme accounts or time stamped date and time whichever is later. | ||
| Redemption Request | ||||
|---|---|---|---|---|
| Transaction Type | Amount | Cut off Time | Applicable NAV (Day 'T') | Payout Schedule |
| Received (Mon–Fri)* | Any Amount | Before 3:00 PM | Same day | T+2 Working Days |
| Received (Sat.-Sun.) | Any Amount | After 3.00 PM | Next business day | T+2 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) : Liquid to ELSS | |||
|---|---|---|---|
| Transaction Type | Amount | Cut off Time | Applicable NAV |
| Liquid to PPTSF | Any amount | Before 3:00 PM* | Switch out scheme (Liquid): same day NAV and Switch In scheme (PPTSF) :switch out settlement NAV date. |
| Liquid to PPTSF | Any amount | After 3:00 PM* | Switch out scheme (Liquid) : Next Business day NAV and Switch In scheme (PPTSF) :switch out settlement NAV date. |
| Switch/Systematic Transfer Plan (STP) : PPFCF to PPTSF | |||
|---|---|---|---|
| Transaction Type | Amount | Cut off Time | Applicable NAV |
| PPFCF to PPTSF | Any amount | Before 3:00 PM* | PPFCF : Same day NAV. PPTSF : NAV of T+2 Working Days of Switch-Out NAV date |
| PPFCF to PPTSF | Any amount | After 3:00 PM* | PPFCF : NAV of the next working day. PPTSF : NAV of T+2 Working Days of Switch-Out NAV Settlement date |
Riskometer This product is suitable for investors who are seeking*
(I) Long term capital appreciation (II) Investment predominantly in equity and equity related securities. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. |
|
| Mutual Fund investments are subject to market risks, read all scheme related documents carefully. |