This depends on the way you make the investment.
Net Banking Authorisation
If you transferred money using the Net Banking option before 1 pm on a working day, your investment will get made the same day and units will be allotted to you that day itself.
If the investment is made after 1 pm, the investment will be made the next working day. Scripbox will clearly show you the date of the investment.
Automated transfer based on linking your bank account
You can expect the mutual funds to be allotted to you within 2 (maximum 3) working days from the scheduled date of your investment. For example:
January 10: The date on which you have scheduled your investment
January 10: Funds get transferred from your bank account
January 11: We receive confirmation of transfer from your bank
January 11: We inform the mutual fund company of your investment instruction and send your details. Units get allotted to you (sometimes it takes an extra day to get the confirmation from the bank).
January 12: You received confirmation from the mutual fund company and Scripbox of successful investment.
Please note that the above example assumes all days are working days. In case of holidays or weekends, the next working date will need to be considered. So, if 11th and 12th are on Saturday or Sunday, the entire process will only be completed by the 14th.
Your Mutual Fund Investments will reflect as successful in the Scripbox account by the next working day once your investments are successfully confirmed by the Mutual Fund Companies in which you have invested through us.