Applicable in the case of:
Parag Parikh Flexi Cap Fund
Parag Parikh Large Cap Fund
Parag Parikh ELSS Tax Saver Fund
Parag Parikh Conservative Hybrid Fund
Parag Parikh Arbitrage Fund
Parag Parikh Dynamic Asset Allocation Fund
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 |
| IDFC 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)
