devine_mortal
TF Premier
I've recently started investing in mutual funds myself via MFCentral and Kfintech and have some doubts on the applicability of NAV at the time of investment. Here's what I've noticed:
1. If I pay via UPI before 3pm, I get the units based on the same day NAV, i.e. the one that gets calculated at the end of the same day.
2. For larger trx, couldn't use UPI so used KOTM (one time mandate) and noticed that the units I got were after 2-3 days on that days' NAV. (e.g. Invested on Mon, got units on NAV calculated on Wednesday/Thursday).
I'm really confused with this. Information available online gives all kind of explanations and in summary, they mention it depends on when Fund house gets your money.
Does this mean, KOTM is slower than UPI when it comes to realisation of money? And what's the alternative to UPI to time the market?
1. If I pay via UPI before 3pm, I get the units based on the same day NAV, i.e. the one that gets calculated at the end of the same day.
2. For larger trx, couldn't use UPI so used KOTM (one time mandate) and noticed that the units I got were after 2-3 days on that days' NAV. (e.g. Invested on Mon, got units on NAV calculated on Wednesday/Thursday).
I'm really confused with this. Information available online gives all kind of explanations and in summary, they mention it depends on when Fund house gets your money.
Does this mean, KOTM is slower than UPI when it comes to realisation of money? And what's the alternative to UPI to time the market?