The units for NFO subscription allotment are on the basis of all valid applications that the fund house receives on the NFO closure date. It considers all applications for which the funds have been realized till the close of business hours on that date. Allotment of units will be done against all applications for which the funds have been submitted to the mutual fund collection account. In case of switch transactions, you can apply to switch from an existing scheme into an NFO scheme. All Switch-Out requests received & time stamped before the applicable cut-off timing of the source schemes are processed. Allotment of NFO scheme units on the allotment date is at face value as specified in the Scheme Information Document.