Cut-Off Time and Time Stamping

A regular client calls you in a rush, wanting to deploy a substantial lump sum of five crores into an equity-oriented fund, expecting the current day's market dip to yield a bargain price. As an MFD, you must manage...

Picture this: a long-term client, eager to capitalize on a market dip, hands you a cheque and a completed application form for an equity mutual fund at 2:45 PM. You place the documents on your desk, intending to drop...