When I invest in a MF, the NAV date is same day or next day based on cutoff time. But for either of the days, I don't know the NAV.
I'll only come to know the NAV after 9 pm for same day NAV and next day 9pm if applied after cutoff.
Same is the case with redeeming.
E.g., If I'm investing in a mutual fund today before 2pm, I'll come to know today's NAV today at 9pm
Is my understanding correct?
I'll only come to know the NAV after 9 pm for same day NAV and next day 9pm if applied after cutoff.
Same is the case with redeeming.
E.g., If I'm investing in a mutual fund today before 2pm, I'll come to know today's NAV today at 9pm
Is my understanding correct?