As discussed , please find the below some important point of MF Investment
- Provide the MF instruction in prescribed format
- Subject of the mail should be “<Client Name> - MF Instruction - Trade Date <DD-MM-YYYY”
- Instructions to be marked to CustodyOps@Nuvama.com , custodyca@nuvama.comwith Cc to cs.domestic@nuvama.com and fundaccounting@nuvama.com email ids.
- Format to be attached is here
- MF instruction timelines:
Scheme Category | Subscription | Redemption/Switch In/Switch Out | ||
Market Cut Off | Edelweiss Cut off | Market Cut Off | Edelweiss Cut off | |
Liquid and Overnight Funds | 1:30 pm | 11:30 am | 3:00 pm | 1:00 pm |
Debt Schemes and Conservative Hybrid Fund, other than Liquid and Overnight Funds. | 3:00 pm | 1:00 pm | 3:00 pm | 1:00 pm |
All schemes other than those mentioned above | 3:00 pm | 1:00 pm | 3:00 pm | 1:00 pm |
Note : New folio subscription timeline – T minus one day before 4 pm where T is actual MF subscription date | ||||
- MF subscription will be processed at Pool level (please mention the pool UCC at the time of subscription in instruction format )
- Post execution of subscription custody will inform client with holding statement (In case of Demat) or SOA (in case of physical)
- PMS has to give the allocation at end client level in attached format to custody and FA if the subscription is in Demat.
- In case of physical the allocation will be required by FA only in their prescribed format , custody do not require the allocation.
- For redemption use the same format mentioning redemption.
- The redemption in Demat is processed at end client level so while giving the instruction please mention the end client UCC.
- Once the instruction is processed the fund will be credited to Custody POOL bank account and then the same will be transferred to PMS Pool account.
- Once the redemption amount received form AMC PMS has to share the fund allocation to FA team.
Warm Regards,