1. Applicable NAV for Subscription in Tata Liquid Fund and Tata Overnight Fund.
| Subscriptions & Switch-ins* |
Applicable NAV |
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In respect of valid application is received upto 12.30 p.m. on a Business Day & funds are available for utilization i.e. entire amount has been credited to the bank account of the scheme before the cut-off time.*
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The closing NAV of the day immediately preceding the day of receipt of application.
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In respect of valid application received after 12.30 p.m. on a Business Day & funds are available for utilization i.e. entire amount has been credited to the bank account of the scheme after the cut-off time
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The closing NAV of the day immediately preceding the next Business Day.
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Irrespective of the time of receipt of application, where the funds are not available for utilization before the cut-off time.
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The closing NAV of the day immediately preceding the day on which the funds are available for utilization.
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* In case of Switch transactions, funds will be made available for utilization in the switch-in scheme based on redemption payout cycle of the switch out scheme.
**In respect of valid application received upto 12.30 p.m. on a Business Day but funds are available for utilization after 12.30 p.m. - applicable NAV will be the closing NAV of the day immediately preceding the next Business Day.
2. Applicable NAV for Redemption / Switch Outs in Tata Liquid Fund and Tata Overnight Fund
- Where the valid applications is received upto 1.00 pm at the Official Point of Acceptance, the closing NAV of the day immediately preceding the next business day shall be applicable; and
- Where the valid application is received after 1.00 pm at the Official Point of Acceptance, the closing NAV of the next business day shall be applicable.
3. Applicable NAV for subscription (including switch ins) and redemption (including switch outs) in schemes other than Tata Liquid Fund and Tata Overnight Fund
Subscription including Switch in
For application amount of Rs. 2 Lacs* & above
NAV of the day on which the funds are realized up to 1 pm (Subject to transaction being time-stamped upto 1 p.m. on the date of realization of funds)
* Multiple applications (purchase including switch in) Submitted by investor on same day for the same scheme, shall be aggregated at investor level (i.e. First holder / Sole Holder) for determination of Rs. 2 Lacs.
For application amount upto Rs. 2 Lacs
If application is time stamped before 1 p.m. on any business day - Applicable NAV shall be the closing NAV of the date of receipt of the application.
If application is time stamped after 1 p.m. on any business day - Applicable NAV shall be the closing NAV of the next business day.
Redemption/Switch Out (irrespective of the amount of the redemption / switch out)
In respect of application received upto 1 p.m., closing NAV of the day of receipt of application shall be applicable and in respect of application received after 1 p.m. closing NAV of next business day.