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  • PPFAS Mutual Fund :: Investmemt Process : Disclosure of payment options and their efficiency. (Unit Allotment Timelines)

    Applicable in the case of:

  • Parag Parikh Flexi Cap Fund
  • Parag Parikh Tax Saver Fund
  • Parag Parikh Conservative Hybrid Fund (May 28, 2021 onwards)
  • Lump Sum Transactions - Non Liquid Schemes

    Sr. No. Payment Mode Bank Name Cut off Time * Day of Debit to
    Investor's account
    Day of Unit Allotment
    (Working Days only)
    1 UPI All Banks 2:45:00 PM T T+1
    2 Net Banking Axis Bank 2:50:00 PM T T
    HDFC Bank 2:50:00 PM T T
    ICICI Bank 2:50:00 PM T T
    Kotak Mahindra Bank 2:50:00 PM T T
    State Bank of India 2:50:00 PM T T
    Yes Bank 2:50:00 PM T T
    All other Payment Gateway Partner Banks 3:00:00 PM T T+1
    3 RTGS # All Banks 2.30 PM T T
    4 NEFT # All Banks 1.00 PM T T
    5 NACH Mandate (OTM) All Banks 3.00 PM T+1 T+2
    6 Cheque Payment All Banks 3.00 PM T+2 T+3


    T = Date of application based on cut-off time

    # In case the amounts are received by us by 3:00 PM on T Day, allotment will be made as per T's Day NAV

    Important Note: The table shows indicative unit allotment timeline based on payment mode. Unit allotment will be subject to receipt of funds in the mutual fund account before the applicable cut-off time (Currently, 3:00 PM). The allotment timeline for amounts received after the cut-off time will be extended by one working day

    SIP Transactions

    Sr. No. Payment Mode Bank Name Day of Debit to Investor's account Day of Unit Allotment
    (Working Days only)
    1 Offline NACH Mandate (OTM)* All Banks T T
    2 Offline Auto Debit All Banks T T+1
    3 Internet SIP (iSIP) All Banks T T+1

    T = SIP date
    * MF / NPCI will endeavour to ensure credit is posted to MF account on the same day of debit to investor's account.
    In certain circumstances, due to delay at Bank's / Payment Aggregator's end, the credit to MF account may and the allotment could get delayed to T+1.

    Important Note: The table shows indicative unit allotment timeline based on payment mode. Unit allotment will be subject to receipt of funds in the mutual fund account before the applicable cut-off time (Currently, 3:00 PM)

    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
    © 2021 PPFAS Asset Management Private Limited. All rights reserved.
    Sponsor: Parag Parikh Financial Advisory Services Limited. [CIN: U67190MH1992PLC068970], Trustee: PPFAS Trustee Company Private Limited. [CIN: U65100MH2011PTC221203], Investment Manager (AMC): PPFAS Asset Management Private Limited. [CIN: U65100MH2011PTC220623]