Thursday, September 17, 2020

Sebi modifies NAV rules for mutual funds

Currently, mutual fund investors with cheque values of less than Rs 2 lakh per application get the NAV of the product on the same day of deposit. Those who invest more than Rs 2 lakh get the NAV of the day the fund house realised the cheque. This could be up to three days after the cheque is submitted.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2FDvLh6

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