With reference to the above, I had applied through 4 sources - Groww, Finvasia, MFU and Kotak app.
Three of those have been allotted, at NAV of 25th Jan, regardless of the time I applied for.
The NAV shown on the screen was 11.18xx, but I was allotted at NAV of 11.2060. So, I didn't get what I ordered, a higher NAV or less bang for the buck.
Today, I will apply for more in Axis Arbitrage Fund IDCW direct, which is also giving out regular payouts. It is showing NAV of 11.7216 at present.
View attachment 50265
Dividend payout for Rs. 500 investment
View attachment 50264
Three of those have been allotted, at NAV of 25th Jan, regardless of the time I applied for.
The NAV shown on the screen was 11.18xx, but I was allotted at NAV of 11.2060. So, I didn't get what I ordered, a higher NAV or less bang for the buck.
Today, I will apply for more in Axis Arbitrage Fund IDCW direct, which is also giving out regular payouts. It is showing NAV of 11.7216 at present.
View attachment 50265
Dividend payout for Rs. 500 investment
View attachment 50264