For Surplus investments, NAV applicability depends on the time the order is placed and realisation of funds.
If the purchase order is placed before 12:30 PM and funds are successfully realised, the historical NAV (previous business day’s NAV) will be applied.
If the order is placed after 12.30 PM, the same day (T day) NAV will be applicable.
Please note that NAV may vary on settlement holidays, as per the declared timelines.