Comment on Quarterly settlement of funds & securities

Brij commented on 15 Nov 2019, 07:17 PM

I want to buy liquid bees or liquid mutual funds on Friday having consecutive non banking Saturday or holiday and sell them the next working day morning as soon as market opens to utilize unused cash in account.This cash I cant transfer to bank account as next day is holiday.
Pl explain with timing details how with liquid mutual funds, the trade can be done in such a way that the funds get debited only after market closing on Friday and credited before next day opening i.e. Monday. I have done this experimentation with specified overnight fund , but units were not credited next day. so was unable to sell. Also as per information on coin platform the order placed post 1.30 pm is executed on next day. Pl clarify in simple logic.

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