Please note that the Net Assets Value(NAV) and date, mentioned above, are the last
recorded NAV as available with RR for the date mentioned and this may
not be applicable to the order that you are going to place. The NAV applicable to your
order, would depend on the type of the fund and the time you enter the order. For
e.g. If you have placed a purchase order on a business day before 1400 hrs(cutoff
time) in a Non-liquid fund on RR then the order will be processed at
the NAV as at the close of the business day. For orders placed on that business
day after 1400 hrs or if placed on a Non-Business day, the NAV of the next business
day will normally be applicable.
As per SEBI guidelines the cutoff time for accepting orders in Non-liquid funds
is 1500 hrs and in Liquid funds it is 1400 hrs. However taking into account internal
transaction processing time, RR has kept the internal cutoff time, for
accepting all orders in Non-liquid funds as 1400 hrs and Purchase in Liquid funds(
to get historic Net Asset Value "NAV") as 1300 hrs. All orders placed within the
RR Finance cut-off time will get the applicable NAV. Any orders placed post the
RR Finance cut-off time but before the SEBI mandated cut-off time, shall be processed
on best efforts basis for the applicable NAV.
Please note that as per SEBI Circular No. CIR/IMD/DF/21/2012 dated 13th September,
2012, in case of purchase or switch in of units of mutual fund schemes (other than
liquid schemes) for application amount equal to or more than Rs. 2 lakhs, the closing
NAV of the day on which the funds are available for utilization by the AMC shall
be applicable, irrespective of the time of receipt of such application.
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