Cut off timing for subscriptions (including switch in) for all open ended schemes of Tata Mutual Fund except Tata Liquid Fund, Tata Liquidity Management Fund & Tata Money Market Fund is revised as under
|Application Size ||Applicable NAV |
|For application amount of Rs. 2 Lacs* & above |
* Multiple applications (purchase including switch in) submitted by investor on
same day for the same scheme, shall be aggregated at investor level (i.e. First
holder / Sole Holder) for determination of Rs. 2 Lacs.
NAV of the day on which the funds are realized up to 3.00 p.m
(Subject to transaction being time-stamped upto 3 p.m. on the date of
realization of funds).
|For application amount upto Rs. 2 Lacs || |
If application is time stamped before 3 p.m on any business day -
Applicable NAV shall be the closing NAV of the date of receipt of the
If application is time stamped after 3 p.m on any business day -
Applicable NAV shall be the closing NAV of the next business day.
In case of switch transactions, funds will be made available for utilization in the switch-in scheme based on redemption payout cycle of the switch out scheme.