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According to media reports, SEBI has clarified that investors will be given Sunday’s NAV on liquid/overnight funds in case they execute STP on Friday from liquid/overnight funds to other schemes. For instance, if an investor switches out from liquid fund to invest in an equity fund on Friday i.e. a day prior to non-business day, he will be given NAV of Sunday as the money would be keep invested with the fund house because of non-business days. Also, the investor will get Monday’s NAV in the switch-in scheme i.e. equity fund in this example. This will be applicable irrespective of ticket size.