Comment on Start investing in mutual funds @ Zerodha
commented on
27 Feb 2017, 10:56 PM
Hi,
Once you place the order on T day before the cut-off time of 1:30 pm, then you would receive the allotment of the units at the NAV of T day (AMC publishes the NAV in the night after 9 pm). You will then receive the units in your demat on T+1 day (most probably by afternoon) and the same would reflect in your portfolio on the mutual funds platform.
So, when you had placed the order today before the cut-off time, the status would have displayed ‘ Pending Verification ‘. After the cut-off time, it is now showing ‘Order placed – pending verification ‘. Tomorrow morning it will reflect as ‘ Order sent to AMC ‘ and then by afternoon as ‘ Allotted ‘.
You can click on the FAQ link below to understand the order settlement process.
http://support.zerodha.com/kb/faq.php?id=309