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 Stocks-Markets-Economic Times https://ift.tt/304zlrV
via IFTTT