ST sir, when buying lump sum units in mutual funds on a day of steep market fall, do we need to time it (is there any cutoff time) so as to buy at the resultant NAV after the steep fall and not on the NAV of next day?
Yes,I do all internet based transactions.The cut off time is 3:00 in the afternoon.So I wait upto 2:45 to get a good idea of where the market will close and if it is closing down,then I buy mutual fund units till 3:00 to get the NAV of that day. If the time stamp on your payment received by mutual fund is 3:01 and above, we get next days NAV.
Yes,I do all internet based transactions.The cut off time is 3:00 in the afternoon.So I wait upto 2:45 to get a good idea of where the market will close and if it is closing down,then I buy mutual fund units till 3:00 to get the NAV of that day. If the time stamp on your payment received by mutual fund is 3:01 and above, we get next days NAV.
No ,once you give SIP mandate,it is bought on that day only. You cannot change it.This is ok for people who don't monitor the markets closely.But as we monitor it every minute,instead of Sip mandate buying on a particular day, we can time the purchase on the day when markets are down 400-500 points.This way we get advantage over normal SIP.
No ,once you give SIP mandate,it is bought on that day only. You cannot change it.This is ok for people who don't monitor the markets closely.But as we monitor it every minute,instead of Sip mandate buying on a particular day, we can time the purchase on the day when markets are down 400-500 points.This way we get advantage over normal SIP.
Yes,I do all internet based transactions.The cut off time is 3:00 in the afternoon.So I wait upto 2:45 to get a good idea of where the market will close and if it is closing down,then I buy mutual fund units till 3:00 to get the NAV of that day. If the time stamp on your payment received by mutual fund is 3:01 and above, we get next days NAV.
I do transaction direct on 6-7 mutual funds sites on which I am registered for Internet transactions. I don't go through broker and that saves brokerage which is payable to the broker. It is under direct scheme/plan.