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Applicable NAV on switches

The applicable Net Asset Value (NAV) would depend on the type of switch-in and switch-out schemes and whether you make the switch on a business day or a non-business day

I would like to know if switch from one mutual fund to another within the same AMC, will I get same day's value or is there a three-day lag? That is, the money will be out of market for three days.
- Sam Patel

The applicable Net Asset Value (NAV) would depend on the type of switch-in and switch-out schemes and whether you make the switch on a business day or non-business day. For example, if you are making a switch from a liquid scheme to a non-liquid scheme on a business day followed by a business day, you will get the same day's NAV on both switch-out and switch-in schemes if the amount is less than ₹2 lakh. If the amount is more than ₹2 lakh, you will get the NAV of T+1 business day on your switch-in scheme. If the switch was requested on a non-business day, the switch-in scheme would get the NAV of next business day. However, if you are switching-out from an equity scheme, the NAV applicable to the switch-in scheme is mostly on the day prior to T+3 business day or T+3 business day.

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