NAV (Net Asset Value) cutoff time is the specific time during a business day by which investors can submit their applications or redemption requests for mutual funds to have them processed at the same day's NAV. Requests submitted after the cutoff time will be processed at the next business day's NAV. The cutoff times can vary:
Liquid Funds: Around 1:30 PM to 2:00 PM.
Overnight Funds: Between 11:00 AM and 1:00 PM.
Other Funds: Around 3:00 PM to 3:30 PM.