NPS units allocation delays

POSTED BY Pradeep.P.Kavi ON February 14, 2012 11:25 pm ONE COMMENT

I have a NPS Tier I A/c and I am not a Govt Employee. I have noticed that Units allocation is not done properly. That is, unlike MF’s units are not allocated based on cut off time of the day. if I invest Rs.500.00 today through SIP, the units are allocated based on NAV of some other date and not today’s date. It varies with as many as 3-8 working days after money has been debited from investors A/c.
I feel that this is some thing unacceptable to any investor.

Can we do something about this?

One reply on this article “NPS units allocation delays”

  1. Dear Pradeep, are you investing online or offline. If offline, when do you present the cheque?

    The delay in realization of amount to the fund, may be a reason of delayed allotment of units.

    Thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS