Purchase Orders cannot be cancelled once payment is attempted.
Once you have made an attempt to complete the funds transfer through Kuvera, the purchase request is queued in real-time to the exchange(BSEStarMF) for the processing which in turn sends this to the respective fund houses at the first available instance.
In parallel, the exchange system starts expecting the funds transfer, if any, to come into the designated settlement account.
1. If you have not completed the funds transfer -
No action is required at your end. The order will automatically get reversed by the exchange within 10 business days because of the nonreceipt of funds.
2. If the funds transfer is successful -
The order will be reported by the exchange to the AMC and allotment will start reflecting in your Kuvera account.
We request you to keep this under consideration while placing purchase requests.
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