Mutual Fund (MF) Order:

There are two types of order in MF i.e. Buy order and/or Sell order

Buy order comprises of two types - SIP and Lumpsum 

Sell order is also termed as 'Redemption'

Cut-off timings: 

MF Buy order and Sell order has the following cut-off times:

  • Buy order - till 2:30 pm

  • Sell order - till 2:50 pm

How it works:

  • When you place the MF order within cut-off time, it is considered as ‘T’ day i.e. Trading Day.

  • When you place an order on ‘T’ day it will be in ‘Open’ status which means order is placed successfully on the Exchange.

  • Further the order status will move to either ‘In-process’ or ‘Placed’ status. These indicate that the order is moved from Exchange to RTA (Registrar and Transfer agents)

  • After this your order will be ‘Success or Failure’ on T, T+1 or T+2 days (anytime).

  • In case your MF order does not show proper status till T+2 working days, you can reach out to us.

Note: You need to wait for T+2 working days to get clarity on your MF order status before reaching out to us.