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NAV is updated every day after market hours from Monday to Friday. So, Mutual fund NAVs based on the value on the previous date.
For example, on 3rd May, the NAV value that you see will be of 2nd May. And 3rd May's NAV will be updated after market hours on 3rd May. So during the day, on 3rd May, you will see the NAV of 2nd May.
It is not updated on Saturday and Sunday since they are holidays. Some special mutual funds' (FoF) NAVs are updated once a week.
If you are sure your mutual fund's NAV is not being updated, please reach out to us.