When purchasing mutual funds on Zerodha Coin, it’s essential to understand the cut-off times that determine the applicable Net Asset Value (NAV) for your transactions. This guide outlines the specific timings for different types of mutual funds and payment methods to help you navigate your investments efficiently.
Cut-Off Times for Liquid Schemes
For liquid schemes, the NAV is based on when the Indian Clearing Corporation Limited (ICCL) receives the funds. The cut-off times vary depending on the payment method:
Payment Methods and Cut-Off Times
| Payment Mode | Order Type | Cut-Off Time | Applicable NAV |
|---|---|---|---|
| UPI | Lumpsum and SIP | 12:30 PM | T – 1 day |
| Netbanking (Direct Settlement Banks) | Lumpsum and SIP | 12:30 PM | T – 1 day |
| Netbanking (Non-Direct Settlement Banks) | Lumpsum and SIP | 12:00 AM to 11:59 PM | T day |
| NEFT and RTGS | Only Lumpsum | 12:30 PM | T – 1 day to T + 5 days |
The NAV can vary from T-1 day to T+5 days based on the actual date the funds are credited to ICCL’s bank account.
Also read: Instant Withdrawals: Zerodha’s Latest Feature
Cut-Off Times for Other Schemes (Equity, Debt, Hybrid, etc.)
For other mutual fund schemes like equity, debt, and hybrid, the NAV is determined by the cut-off times and payment methods as follows:
Payment Methods and Cut-Off Times
| Payment Mode | Order Type | Cut-Off Time | Applicable NAV |
|---|---|---|---|
| UPI | Lumpsum and SIP | 2:00 PM | T day |
| Netbanking (Direct Settlement Banks) | Lumpsum and SIP | 2:00 PM | T day |
| Netbanking (Non-Direct Settlement Banks) | Lumpsum and SIP | 12:00 AM to 11:59 PM | T + 1 day |
| NEFT and RTGS | Only Lumpsum | 2:00 PM | T day to T + 5 days |
As with liquid schemes, the NAV may vary from T day to T+5 days depending on when ICCL receives the funds.
Supported Banks for Direct and Non-Direct Settlement
It’s crucial to know whether your bank is a direct or non-direct settlement bank, as this affects the cut-off times:
Direct Settlement Banks
- HDFC Bank
- ICICI Bank
- State Bank of India (SBI)
- Axis Bank
- Kotak Bank
- Yes Bank
Non-Direct Settlement Banks
- Allahabad Bank
- Andhra Bank
- AU Small Finance Bank
- Bank Of Baroda
- Bank Of India
- Bank of Maharashtra
- Canara Bank
- Catholic Syrian Bank
- Central Bank of India
- City Union Bank
- Corporation Bank
- DCB
- Deutsche Bank AG
- Dhanalaxmi Bank
- Equitas Small Finance Bank
- Federal Bank
- IDBI Bank
- Indian Bank
- Indian Overseas Bank
- Jammu & Kashmir Bank
- Karnataka Bank
- Karur Vysya Bank
- Punjab National Bank
- South Indian Bank
- Standard Chartered
- SVC Co-operative Bank
- Tamilnad Mercantile Bank
- The Lakshmi Vilas Bank Limited
- The Ratnakar Bank Limited (RBL)
- The Saraswat Co-Operative Bank
- UCO Bank
- Union Bank of India
- IDFC Bank
- Indusind Bank
Redemption Cut-Off Time
The cut-off time for redeeming mutual funds is 3:00 PM. Orders placed within this time will receive the NAV of the same day (T day). If the payment aggregator reports the funds after the cut-off time, the applicable NAV will be that of the next trading day.
Additional Information
- Setting Up SIPs: To ensure a SIP starts within the current month, it must be set up at least 2 days before the preferred execution date. For instance, for a SIP to execute on the 5th, set it up by the 3rd.
- Bank Account for Funds: Funds for mutual fund purchases can be added through primary or secondary bank accounts linked with Zerodha. However, the redemption amount is credited only to the primary bank account.
Understanding these cut-off times and procedures will help you make informed decisions and optimize your mutual fund investments on Zerodha Coin.
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