Operational on WebNotes

Applicable NAV and cut-off rules for Indian mutual funds

Sat, 16 May 2026 00:00:00 +0000

The applicable NAV of a mutual fund transaction in India is the Net Asset Value (NAV) at which a specific subscription, redemption, or switch is processed. Because NAV is computed once per business day after market close under Regulation 47 of the SEBI (Mutual Funds) Regulations, 1996 , the SEBI-mandated cut-off time rules determine whether a transaction uses the same-day NAV or the next business day’s NAV. The applicable-NAV framework was substantially tightened by SEBI Circular SEBI/HO/IMD/DF2/CIR/P/2020/175 dated 17 September 2020 (effective 1 February 2021), which introduced the realisation-of-funds requirement that anchors the same-day NAV applicability to the time of funds credit in the AMC’s collection account rather than to the time of order submission. Subsequent uniform cut-off rules were standardised by SEBI Circular SEBI/HO/IMD/DF2/CIR/P/2021/024 dated 5 March 2021, and the consolidated framework is reissued in the SEBI Master Circular on Mutual Funds (most recently May 2024).

PPFAS Minimum SIP and Lump-Sum Amounts per Scheme

Sat, 16 May 2026 00:00:00 +0000

The PPFAS minimum SIP and lump-sum amounts per scheme denote the minimum initial subscription, minimum subsequent subscription and minimum SIP installment amounts applicable to the seven active schemes of PPFAS Mutual Fund under the AMC’s published Scheme Information Documents (SIDs) and Key Information Memoranda (KIMs) as of May 2026. The minimums are uniform across the AMC’s in-house PPFAS SelfInvest portal and through PPFAS schemes on third-party platforms such as Zerodha Coin, Groww , Kuvera , ET Money , INDmoney , Angel One and others, subject to platform-specific minimums that some platforms may impose at a higher level.

PPFAS Schemes on Third-Party Platforms

Sat, 16 May 2026 00:00:00 +0000

PPFAS Mutual Fund schemes on third-party platforms refers to the availability of PPFAS Mutual Fund ’s seven active schemes for purchase, redemption and SIP registration through Indian fintech distribution platforms operated by entities other than the AMC itself. The principal third-party platforms hosting PPFAS schemes include Zerodha Coin (per Zerodha ), Groww , Kuvera , ET Money , Paytm Money, Upstox, INDmoney , Angel One , 5Paisa and mStock among others. The same schemes are also available through the AMC’s in-house PPFAS SelfInvest portal and through industry utilities including the Mutual Fund Utility , CAMS Online and MF Central .