For Online Investing in Mutual Funds these terms & conditions are in addition to and binding on the existing Power of Attorney and the Client Agreement that has been signed by you at the time of your becoming our client.
Please note that the Net Assets Value (NAV) and date are the last recorded NAV as available with monehoneydirect.com for the date mentioned and this is not applicable to the order that you are going to place. The NAV applicable to your order would depend on the type of the fund, time you enter the order, availability of funds for utilization by the AMC before cut off time. For e.g. If you have placed a purchase order on a business day before 1400 hrs (cutoff time) in a Non-liquid fund of value less than 2 Lakhs on moneyhoneydirect.com then the order will be processed at the NAV as at the close of the business day. For orders placed on that business day after 1400 hrs or if placed on a Non-Business day, will be processed on the next business day.
As per SEBI guidelines the cutoff time for accepting orders in Non-liquid funds is 1500 hrs and in Liquid funds it is 1400 hrs. However taking into account internal transaction processing time, moneyhoneydirect.com has kept the internal cutoff time, for accepting all orders in Non-liquid funds as 1400 hrs and in Liquid funds as 1300 hrs. All orders placed within the moneyhoneydirect.com cut-off time will be processed on the same day. Any orders placed post the moneyhoneydirect.com cut-off time but before the SEBI mandated cut-off time, shall be processed on best efforts basis.