Purchase transactions - Purchase transactions are classified under 2 different categories viz; L0 and all transactions other then L0 ( Normal ).

• L0 transaction - Transactions that are placed to purchase units of Liquid Mutual Fund schemes by selecting L0 as a suffix to the scheme type, are called L0 transactions.



Other then L0 transactions – Transactions that are placed to purchase units of mutual Fund other then L0 are called as normal purchase transactions. Any Liquid transaction, which is not placed by suffixing L0 in the scheme type are also called Normal transactions. Below are the timelines

• L0 Transactions
        Member to send order , Payment Aggregators/ Banks/Agencies to upload the Fund Confirmation MIS alongwith actual bank credit by 12.30 pm
• Other than L0 Transactions
        Member to send order Payment Aggregators/Banks /Agencies to upload the Fund Confirmation MIS alongwith actual bank credit by 2.00 pm

Redemption transactions - Transactions that are placed to redeem (Selling back the units to the respective AMC) the already owned Mutual fund units are called redemption transactions.

Switch transactions – Transactions that are placed to redeem the already held units in a particular scheme of an AMC to purchase the units of a different scheme issued by the same AMC, without transfer of any funds is called as a switch transaction.