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