It depends on how you pay for your investment:
If you have purchased Liquid/Money Market Funds or any other fund using PAY VIA NETBANKING or UPI before 3 PM, your order will be processed on the next business day (T+1).
On the next working day, you will receive a confirmation of investment from MobiKwik as well as the Mutual Fund Company. We send you our confirmation as soon as we receive this from the Mutual Fund Company.
Go to the Transaction History screen on your MobiKwik account to see the date, amount and units purchased.
AUTO-PAY/ FLEXI-SIP (using Bank Mandate):
Your investment will be complete within 2-3 days from the date the funds are transferred out of your bank account. This is how it works:
(T+2 working day)
(T+3 working days)
(T+4 working days)
Please note that the above example assumes all days are working days.
A simple way to think about the payment cycle for AUTO-PAY and FLEXI-SIPs is below.
Switch instructions are often processed on separate dates by the Mutual Fund Companies. Switch-outs are processed ASAP, but switch-in dates are based on when funds from the related switch-out Liquid, Debt and Equity scheme are available.