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Applicable NAV [For Income / Debt Schemes / Plans (other than Liquid Schemes/Plans)]:
  • Applicable NAV for purchases including switch-ins:
  • Applications for amount less than Rs. 1 crore
(i) For purchases including switch-ins:
  • In respect of valid applications received upto 3.00 p.m. By the fund along cheque or a draft payable at par at the official point(s) of acceptance where the application is received, the closing NAV of the day on which application is received shall be applicable
  • In respect of valid applications received upto 3.00 p.m. By the fund along cheque or a draft payable at par at the official point(s) of acceptance where the application is received, the closing NAV of the next business day shall be applicable
  • However, in respect of valid applications, with outstation cheques / demand drafts not payable at par at the official point(s) of acceptance where the application is received, closing NAV of the day on which the cheque / demand draft is credited shall be applicable
  • Applications for amount equal to or greater than Rs. 1 crore
(i) For purchases:
  • In respect of valid application received for an amount equal to or more than R 1 crore upto 3.00 p.m. at the official point(s) of acceptance and funds for the entire amount of subscription/ purchase as per the application are credited to the bank account of the Scheme before the cut-off time i.e. available for utilization before the cut-off time- the closing NAV of the day shall be applicable
  • In respect of valid application received for an amount equal to or more than R 1 crore after 3.00 p.m. at the official point(s) of acceptance and funds for the entire amount of subscription/ purchase as per the application are credited to the bank account of the respective Scheme before the cut-off time of the next Business Day i.e. available for utilization before the cut-off time of the next Business Day - the closing NAV of the next Business Day shall be applicable
  • Irrespective of the time of receipt of application for an amount equal to or more than R 1 crore at the official point(s) of acceptance, where funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the respective Plans under the Scheme before the cutoff time on any subsequent Business Day i.e. available for utilization before the cut-off time on any subsequent Business Day - the closing NAV of such subsequent Business Day shall be applicable
(ii) For Switch-ins:
For determining the applicable NAV, the following shall be ensured:
  • Application for switch-in is received before the applicable cut-off time
  • Funds for the entire amount of subscription/ purchase as per the switch-in request are credited to the bank account of the Scheme before the cutoff time
  • The funds are available for utilization before the cut-off time
All multiple applications for investment (at the first holders PAN level) in a particular scheme (irrespective of the plan/option/sub-option) received on the same business day, will be aggregated to ascertain whether the total amount equals to Rs1 crere or more and to determine the applicable Net Asset Value.
  • Applicable NAV for Redemption including switch-outs
  • In respect of valid applications received upto 3.00 p.m. On a Business Day by the Fund, same day's closing NAV shall be applicable.
  • In respect of valid applications received upto 3.00 p.m. On a Business Day by the Fund, the closing NAV of the next Business Day shall be applicable.
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AMFI ARN No. 60930
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