I am investing in Mutual Fund Flexi SIP ,where i inject money at frequent interval based on cash avability or Market at low level.
Say if i inject money in Flexi SIP today , i want to know the units will be bought on todays rate or on the day the MF is reflected in my MF Portfolio.I have seen money deducted for the MF and the Update in portfolio happens 2 to 3 days later.So i am confused weather the unit are bought on the same day when i initiate a buy or later when they appear in my MF statement
Kindly advise ,as the purpose of me minjecting money in the Flexi SIP on the day market is at low is useless if the Units are bougth later when the market might not be on the same level
For each mutual fund there is something called cut-off time. If you buy before cut-off time and money available with AMCs before this time, then NAV will be of same day. Otherwise, it will be next NAV. Update of account statement may be 1-2 days delay. But this how the NAV is considered. Check with your AMC regarding cut-off time and which NAV they consider.