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 |
| 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 |
| 4 |
eMandate |
All Banks |
T |
T |
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)
