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Options
-
Closing NAV of the day preceding the day funds are available
Correct answer
- B
Closing NAV of the day the funds are available
- C
Closing NAV of the day immediately preceding the date of application
- D
Closing NAV of the day of the date of application
Why this is the answer
For liquid funds,the NAV of the previous business day from the date of funds availability is used for allotment.
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