What is the cut off time for mutual funds?

The cut-off time for mutual funds depends on NAV (net asset value). When the trading closes at 3:00 pm on a trading day, NAV is announced by MF houses. And this NAV will rise and fall according to the conditions of the stock market. So if you want to invest in MF at the current NAV, you must submit the application to MF before the close of trading, otherwise you'll not be able to use the current NAV if your application is submitted after the close of trading.