It depends on how you pay for your investment:


NETBANKING:

If you have purchased Liquid/Money Market Funds using PAY VIA NETBANKING before 12:00PM or any other fund before 1:00PM, your order will be processed on the same business day. If not, your order will be processed on the next working day.


On the next working day, you will receive a confirmation of investment from Clearfunds 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 Clearfunds 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:


Aug 1

Today (T+1)

Aug 2

(T+2 working day)

Aug 3

(T+3 working days)

Aug 4

(T+4 working days)


  • Your scheduled AUTO-PAY or FLEXI-SIP PAYMENT DATE.
  • Money is transferred out of your bank account by the Payment Gateway using your mandate under the NACH (National Automated Clearing House) payment system.


  • Your INVESTMENT DATE.
  • Your bank and the Payment Gateway confirm the transfer of money to the Mutual Fund Company to us.
  • We then send your investment instructions to the Mutual Fund Company.


  • You receive a confirmation of investment from Clearfunds as well as the Mutual Fund Company.


  • It sometimes takes longer for your bank and the Payment Gateway to confirm the transfer, which pushes everything out by a day.


Please note that the above example assumes all days are working days. In case of holidays or weekends, the next working day will need to be considered.


A simple way to think about the payment cycle for AUTO-PAY and FLEXI-SIPs is below.



SWITCH TRANSACTIONS:

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.