In accordance with SEBI communication dated April 6, 2020, the cut-off timings for applicability of NAV for the Schemes of Mutual Funds stand REVISED for a temporary period from April 7, 2020 as follows:
The new timelines are as follows:
Existing cut off time
New cut off timings
All schemes (Liquid & Non -Liquid)
For AUTO-PAY or SIP purchases using your bank mandate, our cut-off time is 5PM (T). We then pass on instructions to debit your account on the next bank working day (T+1) and generally place the order with the Mutual Fund company on the following business day (T+2). Your order can be placed with the Mutual Fund Companies only once we receive confirmation from your bank.
Clearfunds will send you confirmations for your transactions as soon as we receive this from the Mutual Fund Companies