Buying rules of Mutual Funds have been changed

Funds Instructor18 Sep, 2020Finance

SEBI said in a circular on Thursday that “Mutual Fund orders will soon get the NAV of the day when funds reach the asset managers and not of the day of application.” The new orders will be applicable from 1st January 2021. Earlier, mutual funds orders less than ₹ 2 lakh got the NAV of the same day as the application, if placed within the cut-off period of time