When are the mutual funds units allotted to me?

The date of allotment of mutual fund units depends on the payment method selected by you to make the investment.

Investment via UPI:

  • If you have transferred money using the UPI payment method before 12:30 PM on a working day, then the mutual fund units will be allotted to you on the same day itself.
  • If you have transferred the money after 12:30 PM, then the mutual fund units will be allotted for the next working day. Scripbox will clearly show you the date of Investment.

Investment via Net Banking :

  • If you have transferred money using the Net Banking payment method from 12:00 AM to 11:59 PM on a working day, then the mutual fund units will be allotted for the next working day. i.e. T+1, irrespective of what time you place the investment instruction.
  • For instance, if you place an investment instruction around 11am or 11pm on a working day through Internet Banking, your investment will get processed with the NAV of the next working day.

Check out: Mutual Fund Cut Off Time

Automated transfer based on linking your bank account

  • You can expect the mutual funds units to be allotted to you on the next (maximum 2) working days from the scheduled date of your investment.  

For example:

January 10: The date on which you have scheduled your investment

January 10: Money get transferred from your bank account

January 11: We receive confirmation of transfer from your bank

January 11: We inform the mutual fund company/s on your investment instruction and send your details. Units get allotted to you with 11th January’s applicable NAV

January 12: You receive confirmation from the mutual fund company/s and Scripbox on your successful investment/s.

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.

Below are the list of banks that supports net banking transactions:

  1. Andhra Bank 
  2. AU Small Finance Bank 
  3. Axis Bank 
  4. Bank Of Baroda 
  5. Catholic Syrian Bank 
  6. Canara Bank 
  7. Central Bank of India 
  8. City Union Bank 
  9. Corporation Bank
  10. DCB Dhanlaxmi bank 
  11. Equitas Small Finance Bank 
  12. Federal Bank 
  13. ICICI Bank 
  14. IDFC First Bank
  15. Indian Bank 
  16. Indian Overseas Bank 
  17. IndusInd Bank 
  18. Jammu & Kashmir Bank 
  19. Karur Vysya Bank 
  20. Kotak Mahindra Bank 
  21. Punjab National Bank 
  22. South Indian Bank 
  23. Standard Chartered 
  24. SVC Co-operative Bank 
  25. Tamilnad Mercantile Bank 
  26. The Ratnakar Bank Limited (RBL) 
  27. Union Bank of India 
  28. UCO Bank 
  29. Yes Bank 
  35. HDFC Bank
  36. IDBI Bank 
  37. Karnataka Bank 
  38. State Bank Of India 
  39. The Lakshmi Vilas Bank Limited

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