Fi is a money management platform that re-imagines the banking experience in India. The Federal Bank Account offered through our App, is a digital bank account that gives you the fastest way to open a bank account online.
You can do everything from the Fi App, including p2p payments, fund transfers, bill payments, and more, with features to automate every action. You also get a Debit Card, spends insights and tools to grow your investment and earn rewards.
According to SEBI, it depends on the time of day! More specifically, the NAV cut-off time for fund redemption.
*Before 3 PM: If your money reaches the Fund House before 3 PM, that particular day's NAV is assigned for unit allocation.
*After 3 PM: If you placed an order after 3 PM, you would get it at the NAV of the next business day.
P.S. NAV or Net Asset Value indicates the current price of one unit within a mutual fund.