What is Zerodha Coin Cut Off Time
Zerodha Coin is a platform that allows users to invest in mutual funds online. It is a paperless and hassle-free platform that eliminates the need for physical forms and signatures. One of the key aspects of investing in mutual funds through Zerodha Coin is understanding the cut-off time.
The cut-off time is the time before which investors need to place their orders to buy or sell mutual funds. In the case of Zerodha Coin, the cut-off time for buying mutual funds is 12:30 pm on a trading day. Any orders placed after this time will be processed on the next trading day.
Zerodha Coin Cut Off Time
Pay method | Order | Cut-off time | Applicable NAV |
UPI mode | Lumpsum and SIP | 12:30 PM | T -1 day |
Net banking (direct settlement banks) | Lumpsum and SIP | 12:30 PM | T -1 day |
Net banking (non-direct settlement banks) | Lumpsum and SIP | 12 AM to 11:59 PM | T day |
NEFT and RTGS | Only for lumpsum | 12:30 PM | The NAV may change from T Day to T+5 day depending on when funds are
credited to ICCL's bank account. |
It is important to note that the cut-off time varies for different mutual funds and investment schemes. For example, some mutual funds may have an earlier cut-off time, while others may have a later cut-off time. It is important to check the specific cut-off time for the mutual fund that you are interested in investing in.
Investors need to keep in mind the cut-off time when investing in mutual funds through Zerodha Coin. Placing orders after the cut-off time may result in delays in processing the order, which can affect the returns on the investment. Therefore, it is advisable to place orders well before the cut-off time to ensure that the order is processed on the same trading day.
Conclusion
The cut-off time for Zerodha Coin is 12:30 pm on a trading day. It is important for investors to be aware of the cut-off time when placing orders to buy or sell mutual funds. Placing orders well before the cut-off time can help ensure that the order is processed on the same trading day, which can have a positive impact on the returns on the investment.
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