Cut Off Time

Introduction

What is Mutual Funds cut-off timing?
Mutual Fund cut-off timing refers to the deadline by which investors must submit their orders to buy or sell fund shares at that day's price. This timing varies by fund and is crucial because it determines the NAV (Net Asset Value) at which transactions are executed.

Effective 9th November 2020, transactions before 2 p.m. will receive the same-day NAV.

Transactions received after 2 p.m. will be processed with the next business day's NAV.

For Liquid Funds, transactions through ISA before 12.30 p.m. will use the previous day's NAV.

Transactions between 12.30 p.m. and 2 p.m. will apply the same-day NAV. Post-12.30 p.m.

transactions on Fridays will follow fund house rules, using the Sunday NAV.

Redemptions/Switches for all schemes have a 2 p.m. cut-off.

Physical applications submitted with the AMC/RTAs:

Cut-off timing w.e.f. 09-Nov-2020

S. No. Scheme Category Subscription Redemption Switches
1 Liquid and Overnight Funds 1:30 p.m. 3.00 p.m. 3.00 p.m.
2 Other than Liquid and Overnight Funds 3:00 p.m. 3:00 p.m. 3:00 p.m.

Frequently Asked Questions

Mutual Funds cut-off time for purchases at HDFC Bank is 2 p.m. for all funds except Liquid Funds. For Liquid Funds, the cut-off time is 12:30 p.m. Transactions post-cut-off time get processed as per the next business day’s NAV.

While Mutual Fund purchases and settlements are subject to specific cut off times, the same does not apply to inter or intra-bank fund transfers. You can initiate fund transfers 24x7x365. Based on your chosen transaction method (NEFT, RTGS, IMPS), the funds will be transferred into the beneficiaries' accounts within minutes, up to a few hours, typically according to RBI batches.

Mutual Funds cut-off time for purchases is 2 p.m. for all funds except Liquid Funds. For Liquid Funds, the cut-off time is 12:30 p.m. Transactions post-cut-off time get processed as per the next business day’s NAV.