Search for an answer or browse help topics

Print

What happens when you place a mutual fund order?

PostedFebruary 26, 2025
UpdatedFebruary 26, 2025
ByManoj
  • Order Placed: When you place a mutual fund order, it is instantly communicated to the exchange.
  • Payment Collected:  Payment is collected via the BSE star payment link where you can pay using UPI/ Net banking
  • Payment Transferred to ICCL: The funds collected are transferred to the exchange’s clearing corporation, ICCL (Indian Clearing Corporation Ltd).
  • Order Validated by Exchange: The exchange validates your order and the payment. If everything is in order and within the cut-off time, the exchange sends the details to the AMC (Asset Management Company).
  • Units Allocated by AMC: After validating the order, the AMC allocates the mutual fund units to your portfolio through RTA.