We need a buffer of 1 hour to upload the transactions and resolve any potential issues before the actual Mutual Fund cut-off.
The cut off time for different types of funds is as follows:
Investment (SIP & Lumpsum)
12:30 pm cut off - Liquid and Overnight funds
2 pm cut off- All other funds such as Equity funds, Debt funds (except liquid & overnight), Hybrid funds, Solution-oriented funds, Other funds (such as index funds, gold funds, fund of funds, etc).
Redemption (and switch)
2 pm cut off - All funds such as Equity funds, Debt funds (including liquid & overnight), Hybrid funds, Solution-oriented funds, Other funds (such as index funds, gold funds, fund of funds, etc).