Liquid funds declare NAVs on holidays and non-business days, including Sunday
14-Oct-2015 •Research Desk
How come Liquid Funds have NAVs getting updated during a Sunday?
Liquid funds declare NAVs on holidays and non-business days, including Sunday. Liquid fund investments made on Friday, before the cut-off time, will get the NAV declared on the subsequent Sunday (if Monday is a business day). This is because as per Sebi regulations, if an investment in a liquid fund is completed before the cut-off time on a day that precedes a market holiday, then the applicable Net Asset Value (NAV) will be that of the day immediately preceding the subsequent business day.