Comprehensive Educational Guide
⚠️ Important Disclaimer
This article provides general educational information about mutual fund cut-off timings and NAV allocation rules based on SEBI regulations as of April 2026. Mutual fund investments are subject to market risks, including the possible loss of principal. Past performance is not indicative of future results. SEBI and AMFI expressly prohibit distributors from guaranteeing or promising returns or future performance. This content is part of distribution-related education and does not constitute SEBI-registered investment advice. For specific guidance on your investments, consult your AMFI-registered Mutual Fund Distributor. Always read the Scheme Information Document (SID) and Key Information Memorandum (KIM) carefully before investing. Cut-off timings and NAV rules are subject to change – always refer to the applicable SEBI circulars and your fund’s Statement of Additional Information for the most current scheme-specific details. Do not make investment decisions based solely on this article.
About the Author
Amit Verma | AMFI Registered Mutual Fund Distributor (ARN-349400)
Verifiable at amfiindia.com
I am an AMFI-registered Mutual Fund Distributor helping salaried professionals, business owners, and families across India build goal-based portfolios through Regular Plans. This guidance is provided via Regular Plans offered through AMFI-registered distributors. This article does not constitute SEBI-registered investment advisory services.
Quick Reference – Cut-Off Timings at a Glance (April 2026)
| Scheme Type | Transaction | Cut-Off Time | Applicable NAV |
|---|---|---|---|
| Equity, debt, hybrid (non-liquid) | Purchase / SIP / Switch-in | 3:00 PM | Closing NAV of the business day funds are available for utilisation before cut-off |
| Equity, debt, hybrid (non-liquid) | Redemption / Switch-out | 3:00 PM | Same day’s closing NAV if received before cut-off |
| Liquid funds | Purchase / Subscription | 1:30 PM | NAV of the previous business day (T-1 NAV) |
| Liquid funds | Redemption | 3:00 PM | Same day’s closing NAV if received before cut-off |
| Overnight funds | Redemption (offline/physical) | 3:00 PM | Closing NAV of the day immediately preceding the next business day |
| Overnight funds | Redemption (online/electronic) | 7:00 PM | Closing NAV of the day immediately preceding the next business day |
Based on SEBI circulars as of April 2026. Effective dates: General realization-based rule – February 1, 2021. Overnight fund extended online cut-off – June 1, 2025. Verify scheme-specific details in your SID.
There is a question that almost every new SIP investor asks at some point – usually after their first transaction – and the answer is more nuanced than they expect.
“My SIP is on the 10th. The debit happens on the 10th. So I should be getting the 10th’s NAV, right?”
Sometimes yes. Sometimes no. And the difference matters, because the NAV you receive determines how many units your SIP instalment purchases, which in turn affects the number of units you accumulate over years of consistent investing.
The answer depends on a specific SEBI regulatory framework, the realization-based NAV rule, that has been in effect since February 1, 2021 and changed the way NAV is determined for all mutual fund transactions, including SIPs. Understanding this framework does not require technical expertise. It requires knowing three things: what cut-off timing means, what fund realisation means, and why both conditions must be met for the same day’s NAV to apply.
This article explains the complete picture: what cut-off timings are, how the February 2021 change affected SIP investors, why different fund categories have different cut-off rules, the June 2025 update for overnight funds, and the practical steps that help you get the most favourable NAV allocation for your investments.
This is educational guidance only. Always refer to your fund’s SID and the applicable SEBI circulars for current scheme-specific details.
Part One:
The Basics: What NAV Is and Why Cut-Off Times Exist
What NAV Means for Your SIP
Net Asset Value is the per-unit market value of a mutual fund scheme at any given point. It is calculated at the end of each business day as:
NAV = (Total Market Value of Securities + Cash and Accrued Income − Liabilities) ÷ Total Outstanding Units
When your monthly SIP instalment is processed, the fund receives your money and converts it into units at the applicable NAV. The formula is simple:
Units Allotted = SIP Amount ÷ Applicable NAV
If your SIP is ₹5,000 and the applicable NAV is ₹50, you receive 100 units. If the applicable NAV is ₹52, you receive approximately 96.15 units. A one-rupee difference in NAV on a ₹5,000 SIP creates a difference of about 1.9 units. Multiplied over dozens of SIP instalments, the cumulative effect of consistently receiving an older or newer NAV is meaningful.
This is why knowing which day’s NAV applies to your SIP is not a trivial technical detail.
Why SEBI Created Cut-Off Timings
Mutual fund NAVs are declared at the end of each business day based on the closing market prices of all securities the fund holds. Because NAV is a forward-looking calculation based on that day’s closing prices, SEBI needed to establish a clear rule for which day’s NAV applies to each transaction.
The core principle is straightforward: you receive the NAV of the day on which the money is genuinely available to the fund. Before SEBI’s February 2021 revision, there was an inconsistency, smaller transactions received same-day NAV based on when the application was submitted, while larger transactions required the money to actually reach the fund. This created an uneven playing field and potential for timing strategies that advantaged some investors over others.
The 2021 reform resolved this by establishing a uniform rule: for all purchase transactions, regardless of amount, the applicable NAV is that of the business day on which the funds are available for utilisation by the fund, before the applicable cut-off time. The application submission is a necessary but not sufficient condition. The money must also arrive.
Part Two:
The February 2021 Change: The Rule That Every SIP Investor Must Know
What Changed and When
SEBI’s circular SEBI/HO/IMD/DF2/CIR/P/2020/175 dated September 17, 2020, read with circular SEBI/HO/IMD/DF2/CIR/P/2020/253 dated December 31, 2020, established a uniform NAV applicability framework effective from February 1, 2021.
The change was summarised by AMFI as follows: “The applicable NAV in respect of purchase of units of mutual fund scheme shall be subject to realization and availability of the funds in the bank account of mutual fund before the applicable cut-off timings for purchase transactions, irrespective of the amount of investment, under all mutual fund schemes.”
What the Old Rule Was (Before February 1, 2021)
| Investment Amount | Old NAV Rule |
|---|---|
| Up to ₹2 lakh (non-liquid funds) | NAV of the application date (based on submission, not fund arrival) |
| Above ₹2 lakh (non-liquid funds) | NAV of fund realization date |
| Any amount (liquid and overnight funds) | NAV of fund realization date (this rule already applied) |
The ₹2 lakh threshold created the inconsistency that SEBI’s 2021 reform eliminated. A ₹1.9 lakh SIP instalment received same-day NAV based purely on when the application was submitted, while a ₹2.1 lakh investment had to wait for fund arrival. This could produce meaningfully different NAV allocations for similar-sized investments.
What the New Rule Requires (Effective February 1, 2021)
The new framework has two conditions that must both be satisfied for the same-day NAV to apply:
Condition 1: The purchase application (or SIP instalment instruction) is received before the cut-off time on the relevant business day.
Condition 2: The funds are available for utilisation by the fund in its bank account before the cut-off time on the same business day.
Both conditions, not one, must be met. If the application arrives before 3 PM but the money arrives after 3 PM, the NAV of the next business day applies. If the application arrives after 3 PM regardless of when the money arrives, the next business day’s NAV applies.
SIPs Are Explicitly Covered – No Grandfathering
A critical clarification confirmed by AMFI: the realization-based NAV rule applies to systematic transactions, SIPs, STPs, and DTP instalments, regardless of when the SIP was registered. There is no grandfathering for SIPs registered before February 1, 2021. Every SIP instalment falling on or after February 1, 2021 is subject to the fund realization condition.
This means that an investor who set up a ₹2,000 monthly SIP in 2018 and has been running it continuously has been receiving NAV based on fund realization since February 2021, whether or not they were aware of this change.
Part Three:
Cut-Off Timings by Fund Category
Different fund categories have different cut-off rules, reflecting their different redemption settlement timelines and the nature of the assets they hold.
For Equity, Debt, and Hybrid Funds (Non-Liquid Funds)
The cut-off time for purchases, SIPs, and switch-ins is 3:00 PM on any business day.
NAV allocation depends on when funds arrive:
| Application Received | Funds Available at Fund | Applicable NAV |
|---|---|---|
| Before 3:00 PM | Before 3:00 PM (same day) | Same business day’s closing NAV |
| Before 3:00 PM | After 3:00 PM (same day) | Next business day’s closing NAV (on the day funds clear before cut-off) |
| After 3:00 PM | Before 3:00 PM (next business day) | Next business day’s closing NAV |
| After 3:00 PM | After 3:00 PM (next business day) | Subsequent business day’s closing NAV |
The redemption cut-off for these funds is also 3:00 PM. For redemptions, the applicable NAV is the same day’s closing NAV if the request is received before cut-off. Redemptions do not require a separate “fund realization” condition, you are the one receiving money, not sending it.
For Liquid Funds: Earlier Cut-Off and T-1 NAV
Liquid funds operate differently from equity and debt funds in one important way: they use a 1:30 PM purchase cut-off and apply the previous business day’s NAV (T-1 NAV) when both the application and funds arrive before that cut-off.
This might seem counterintuitive, if you invest today before 1:30 PM, why do you get yesterday’s NAV? The rationale is that liquid funds hold very short-duration instruments (maturities up to 91 days), and the T-1 NAV approach ensures that the fund has time to deploy the incoming money into appropriate instruments before the NAV calculation on the day of receipt.
| Application and Funds Received | Applicable NAV |
|---|---|
| Both before 1:30 PM | Previous business day’s closing NAV (T-1) |
| Application before 1:30 PM, funds after | Current day’s NAV or later depending on realisation |
| Both after 1:30 PM | Current day’s closing NAV or later |
Redemption cut-off for liquid funds is 3:00 PM, and the applicable NAV for redemptions is the same day’s closing NAV if the request is received before cut-off.
Practical implication for investors using liquid funds for emergency corpus: If you make a purchase of liquid fund units on a Friday before 1:30 PM, you receive Thursday’s NAV. This is a structural feature of the category, not a disadvantage, the liquid fund’s consistent incremental returns mean this T-1 NAV approach does not materially affect long-term outcomes.
For Overnight Funds: The June 2025 Update
Overnight funds invest exclusively in securities with one-day maturities, primarily overnight reverse repos and government securities in the Tri-party Repo market. They carry the lowest risk of any debt category and are used by brokers and clearing members to park client funds.
SEBI issued a circular dated April 22, 2025 (SEBI/HO/IMD/PoD2/P/CIR/2025/56) modifying the redemption cut-off timings for overnight fund schemes, effective June 1, 2025. This change was driven by SEBI’s broader framework requiring brokers and clearing members to upstream client funds to clearing corporations by end of day, a process that required additional time after market close to un-pledge overnight fund units and place redemption requests.
Overnight Fund Redemption Cut-Off Times (effective June 1, 2025):
| Application Mode | Cut-Off Time | Applicable NAV |
|---|---|---|
| Offline (physical/paper) | 3:00 PM | Closing NAV of the day immediately preceding the next business day |
| Online (electronic) | 7:00 PM | Closing NAV of the day immediately preceding the next business day |
The NAV applicable is the same regardless of whether the redemption is submitted by 3 PM or 7 PM, it is always the closing NAV of the day before the next business day. The extended 7 PM cut-off for online redemptions simply gives investors (and brokers) an additional window to submit redemption requests that will still be processed the same night.
“Business day” note: For overnight funds, the term “business day” excludes any day when money markets are closed or inaccessible, not just equity market holidays. Check your fund’s SID for specifics.
Part Four:
How This Specifically Affects Your SIP
The most important practical understanding for regular SIP investors is what happens between your bank debiting your account and the fund receiving the money.
The Journey of Your SIP Instalment
When your SIP date arrives, the following sequence occurs:
- Your bank receives the auto-debit instruction on the SIP date
- Your bank debits your account – this could happen early morning or later in the day depending on the bank and the debit system used
- The funds are transferred from your bank to the fund’s collection bank account
- The fund’s bank account receives and credits the funds
- If this happens before 3:00 PM, the same day’s NAV applies
- If this happens after 3:00 PM, the next business day’s NAV applies
The critical variable, the one you have limited control over, is step 3 to 4: how quickly your bank transfers the funds, and whether that transfer completes before the 3 PM cut-off.
How Different Banks Process Auto-Debits Differently
This is the part most investors do not know. Different banks have different internal processing timelines for NACH (National Automated Clearing House) debits, the mechanism used for SIP auto-debits. Some banks process debits early in the morning, making it likely that funds reach the fund’s bank account before 3 PM. Others process debits later in the day, which may result in funds arriving after 3 PM.
This is not under your control once the SIP is registered. However, if you find that your SIP is consistently getting the next day’s NAV rather than the SIP date’s NAV, it may be worth discussing the payment method with your distributor.
SIP Date Falling on a Holiday or Weekend
If your SIP date falls on a bank holiday, a stock exchange holiday, or a weekend:
- Most fund platforms process the SIP on the next business day
- The applicable NAV will be that next business day’s closing NAV (assuming funds arrive before cut-off on that day)
- In some cases, the debit may be attempted on the day before the holiday and funds credited on the SIP date itself
The specifics depend on your fund’s SID and the NACH system. The key point: a SIP that falls on a non-business day does not result in lost units – it is processed on the next working day.
Illustrative SIP NAV Scenarios
All strictly illustrative. Actual outcomes depend on individual bank processing, fund settlement systems, and applicable business day definitions.
| Scenario | What Happens | Which Day’s NAV Applies |
|---|---|---|
| A – Standard business day, early debit | Bank debits at 9:00 AM on SIP date; funds reach fund by 11:00 AM | SIP date’s closing NAV |
| B – Standard business day, afternoon debit | Bank debits at 4:00 PM on SIP date; funds reach fund next morning at 10:00 AM | Next business day’s closing NAV |
| C – SIP date is Sunday | Bank processes debit on Monday; funds reach fund by 2:00 PM Monday | Monday’s closing NAV |
| D – SIP date is a market holiday on Wednesday | Bank processes debit on Thursday; funds reach fund by 1:00 PM Thursday | Thursday’s closing NAV |
| E – Bank debit fails | Insufficient balance on SIP date; SIP fails | No units allotted; check your fund’s policy on missed SIPs |
The Frequently Misunderstood Point – You Cannot Always Get Same-Day NAV
The realization-based rule creates a situation that most retail SIP investors cannot fully control. For most investors paying through bank auto-debit, the fund receives the money on or around the SIP date, but the exact time of realisation, and therefore whether same-day or next-day NAV applies, depends on bank-level processing that the investor does not directly control.
This is not a problem. It is simply how the system works. The practical implication is that your SIP units may sometimes be allotted at the next day’s NAV rather than the SIP date’s NAV. Over years of consistent investing and hundreds of SIP instalments, this one-day variance in NAV allotment does not materially affect long-term wealth creation. The much more important factors are starting early, staying invested consistently, and using step-up SIPs to grow contributions with income.
Part Five:
Switch Transactions and NAV Rules
Switching from one fund to another involves both a redemption (from the source fund) and a purchase (into the destination fund). These two legs have different NAV applicability rules that investors should understand.
The General Switch Framework
A switch transaction is treated as a redemption from the source scheme and a purchase into the destination scheme. The realization-based NAV rule applies to the switch-in (purchase) leg based on when the redemption proceeds from the switch-out are available for deployment.
| Switch Type | Switch-Out NAV | Switch-In NAV |
|---|---|---|
| Equity/debt to equity/debt | Based on application time-stamp vs cut-off | NAV of the day when switch-out settlement proceeds are available |
| Any scheme to liquid fund | Based on application time-stamp | T-1 NAV applies to the liquid fund purchase leg |
| Within same scheme (option change) | Same day’s NAV | Same day’s NAV (realization rule does not apply for intra-scheme switches) |
Settlement timelines affect switch-in NAV:
- Liquid and debt schemes settle at T+1 (next business day)
- Equity and other non-liquid, non-debt schemes settle at T+3 (three business days)
This means that when you switch from an equity fund to a debt fund, the switch-in to the debt fund happens not on the day you submit the switch instruction but on the settlement day of the equity fund redemption – typically 3 business days later.
Switch Within the Same Scheme – Different Rule
When you change between options of the same scheme, for example from IDCW (Dividend) to Growth within the same fund, both the switch-out and switch-in are processed at the same business day’s NAV. The realization-based rule does not apply because no actual transfer of money is occurring between bank accounts.
Part Six:
How Payment Mode Affects Fund Realization Timing
The speed at which funds reach the fund’s bank account, and therefore which day’s NAV applies, is directly affected by your payment method.
| Payment Mode | Typical Settlement Behaviour | NAV Impact |
|---|---|---|
| UPI | Real-time transfer | Highest probability of same-day NAV if transacted before cut-off |
| RTGS | Same-day settlement during banking hours | Can achieve same-day NAV if processed early |
| NEFT | Same-day settlement if within bank’s cut-off | Generally achieves same-day NAV if initiated well before 3 PM |
| IMPS | Real-time (24×7) | Same-day NAV if transacted before cut-off |
| Net banking (select banks) | Same-day for major banks with direct AMC integration | Same-day NAV for supported banks |
| Cheque | 1–3 business day clearing cycle | Typically next-day or later NAV |
| NACH auto-debit (SIP) | Bank-dependent; typically same-day but timing varies | Same-day or next-day depending on bank processing |
What this means for lump-sum investments: If you are making a one-time purchase in an equity fund and want to receive the current day’s closing NAV, using UPI or IMPS before the 3 PM cut-off gives the highest probability of success. Cheques will almost never produce same-day NAV.
What this means for SIPs: Since SIPs use NACH auto-debit, you have limited control over the exact time of fund realization. The bank processes the debit and transfers the funds according to its own internal schedule. Most banks process SIP debits early enough for same-day NAV in many cases, but this is not guaranteed.
Part Seven:
The ₹2 Lakh Question – Is That Rule Still Relevant?
A question that comes up regularly from investors who set up SIPs before 2021 is whether the old ₹2 lakh threshold still matters. The answer is a clear no.
The ₹2 lakh threshold was fully removed by SEBI’s February 1, 2021 reform. From that date onwards, the realization-based NAV rule applies to all investment amounts without exception, whether ₹500, ₹5,000, ₹50,000, or ₹5 lakh. The threshold is not applicable, has not been reinstated, and Budget 2025 and Budget 2026 made no changes to this framework.
For investors who set up SIPs before 2021 with amounts below ₹2 lakh: those instalments received application-date NAV before February 2021, but from February 2021 onwards, every instalment has been subject to the realization-based rule regardless of the registration date of the SIP.
Part Eight:
Practical Steps to Get the Most Favourable NAV
These are general educational suggestions. No cut-off time strategy guarantees any specific investment outcome.
For lump-sum investments in equity or debt funds:
Use instant payment methods (UPI, IMPS, RTGS) rather than cheques or net banking from banks without same-day integration. Initiate the transaction at least 30–60 minutes before the 3 PM cut-off to allow for any processing delays. Avoid transacting on days immediately before long weekends or market holidays if you want the current day’s NAV.
For SIP investors:
The practical reality is that most SIP investors using NACH auto-debit have limited control over the exact time of fund realization. What you can control:
- Ensure sufficient balance in your account before the SIP date – failed SIPs mean no units allotted, not just delayed NAV
- If your SIP consistently shows next-day NAV allotment, ask your distributor whether changing the payment method is possible and appropriate
- Do not obsess over same-day versus next-day NAV for SIPs – the long-term wealth difference from a single day’s NAV variance on a monthly ₹5,000 instalment is negligible; the difference from stopping the SIP during a correction is enormous
For liquid fund investors:
Submit purchase applications before 1:30 PM to receive T-1 NAV. For redemptions from liquid funds, the 3 PM cut-off applies for same-day NAV on the redemption.
For overnight fund investors:
For online redemptions, the extended 7 PM cut-off effective June 2025 gives additional flexibility. Physical redemptions retain the 3 PM cut-off.
Key Dates and Regulatory Timeline
| Date | Event | What It Means for Investors |
|---|---|---|
| September 17, 2020 | SEBI circular SEBI/HO/IMD/DF2/CIR/P/2020/175 | Announced uniform realization-based NAV for all schemes |
| December 31, 2020 | SEBI circular SEBI/HO/IMD/DF2/CIR/P/2020/253 | Confirmed February 1, 2021 as implementation date |
| February 1, 2021 | Realization-based NAV effective for all schemes | Same-day NAV now requires funds to actually reach the fund, regardless of amount |
| April 22, 2025 | SEBI circular on overnight fund cut-off times | Announced extended 7 PM online cut-off for overnight fund redemptions |
| June 1, 2025 | Overnight fund extended cut-off effective | Online redemptions of overnight funds can be submitted until 7 PM |
Frequently Asked Questions
“My SIP is set for the 10th. I get an SMS that my account was debited on the 10th. Will I get the 10th’s NAV?”
Usually yes, but not guaranteed. The debit SMS confirms your bank removed the money from your account. Whether the fund receives that money before 3 PM on the 10th depends on the transfer timeline between your bank and the fund’s collection bank. If the transfer happens before 3 PM, you get the 10th’s closing NAV. If it happens after 3 PM (or the 10th is a non-business day), you get the next business day’s NAV. For most SIPs using standard NACH mandates, same-day NAV is typically achieved.
“Does the 3 PM cut-off mean I should place SIP transactions exactly at or before 3 PM?”
For SIPs using auto-debit, you do not control the transaction timing, it is automated. The 3 PM cut-off is primarily relevant for lump-sum investments you initiate manually and for any transactions where you are making an active purchase decision. The auto-debit mechanism for SIPs operates independently.
“I was told that SIP NAV is always the SIP date’s NAV. Is this wrong?”
This was more straightforwardly true before February 2021, when small-amount SIPs received same-day NAV based on the application date regardless of fund arrival. Under the current realization-based rule, the SIP date’s NAV applies only if the funds are actually in the fund’s bank account before 3 PM on the SIP date. In practice, most SIPs do receive the SIP date’s NAV, but it is technically conditional on fund realization, not guaranteed simply because the SIP date is that day.
“What happens if my SIP debit fails due to insufficient balance?”
If the bank cannot debit your account on the SIP date due to insufficient funds, the instalment is typically not retried automatically. You will miss that instalment entirely, no units are allotted. Most funds have policies allowing a certain number of missed SIP instalments before the registration is cancelled. Ensure your account has sufficient balance before each SIP date.
“Why do liquid funds give yesterday’s NAV even when I invest today?”
This is the T-1 NAV rule specific to liquid funds. When you buy liquid fund units before 1:30 PM, you receive the previous day’s (T-1) closing NAV. This is a regulatory design choice, liquid funds invest in very short-duration instruments and the T-1 NAV approach gives the fund time to properly account for incoming funds before that day’s NAV calculation. Over time, this does not disadvantage you because the fund is generating returns on every day it holds assets.
“Has the 3 PM cut-off changed recently?”
For most funds, no – equity, debt, and hybrid fund purchase and redemption cut-offs remain at 3 PM. The significant recent change was the June 2025 update to overnight fund redemptions, where online submissions now have a 7 PM cut-off (while physical submissions retain 3 PM). No changes to the main 3 PM framework for equity or debt funds were made in Budget 2025 or Budget 2026.
“For a switch from equity to debt, when is the NAV for the debt fund determined?”
The switch-out from the equity fund gets NAV based on when the switch instruction is received relative to the cut-off. The equity fund’s redemption typically settles in 3 business days (T+3). The debt fund’s switch-in NAV is determined based on when those settlement proceeds are available, which means the debt fund investment happens approximately 3 business days after your switch instruction. This is important planning information if you are trying to time a market shift from equity to debt.
The Final Point:
Why This Knowledge Matters for Long-Term SIP Investors
Understanding cut-off timings matters, but it deserves to be kept in its proper proportion. For regular SIP investors investing through auto-debit, the question of whether a given instalment gets the SIP date’s NAV or the next day’s NAV has a marginal effect on long-term wealth creation. The difference is one day’s market movement, once per month.
What matters enormously, far more than NAV timing precision, is:
- Starting the SIP and staying invested consistently over years
- Not stopping SIPs during market corrections (when the units are cheapest)
- Increasing SIP amounts as income grows through the step-up feature
- Keeping the portfolio goal-aligned through annual reviews
The cut-off timing framework is worth understanding because it helps you interpret your transaction confirmations accurately, explains why your SIP units might occasionally be allotted at the next day’s NAV rather than the SIP date’s NAV, and provides the practical knowledge to optimise lump-sum purchase timing when you are making a deliberate investment decision.
If you have questions about your SIP setup, how your payment method affects NAV timing, or how to structure a goal-based portfolio through Regular Plans, I am here to help. Free 15-minute chat, no obligation, no pressure. This is purely distribution-related educational guidance. Do not make investment decisions based solely on this article – always read all scheme-related documents and consult appropriate professionals before acting.
Final Disclaimer
Mutual fund investments are subject to market risks, including risk of capital loss. This article is purely educational and does not constitute investment advice or solicitation. Past performance is not indicative of future results. The cut-off timings and NAV allocation rules described here are based on SEBI circulars as of April 2026 and are subject to change. Investors should refer to the applicable SEBI Master Circular, their fund’s Statement of Additional Information (SAI), and Key Information Memorandum (KIM) for current scheme-specific details. This content is part of distribution-related education and does not constitute SEBI-registered investment advice. Do not make any investment decisions based solely on this article. Always consult your AMFI-registered Mutual Fund Distributor or SEBI-registered Investment Advisor for personalised guidance.
About the Author
Amit Verma | AMFI Registered Mutual Fund Distributor (ARN-349400)
Verifiable at amfiindia.com
I am an AMFI-registered Mutual Fund Distributor helping salaried professionals, business owners, and families across India build goal-based portfolios through Regular Plans, including helping investors understand the practical mechanics of how their SIPs work and ensuring their portfolio structure serves their long-term goals. This guidance is provided via Regular Plans offered through AMFI-registered distributors.
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Before investing, please read all scheme-related documents including the SID and KIM. This is purely distribution-related guidance. Do not make investment decisions based solely on this article.