What Time Is the Mutual Fund Cut-Off on Pluang, and When Can I Transact?
The mutual fund cut-off time on Pluang is 13:00 WIB on every exchange day, while the trading hours themselves have no time limit: you can buy or sell mutual funds at any time, but your transaction is processed only on an exchange day. Exchange days are Monday to Friday, excluding national holidays and Cuti Bersama (collective leave days) set by the government. A transaction completed before 13:00 WIB on an exchange day gets that day's NAV (Net Asset Value, or NAB). A transaction completed at or after 13:00 WIB, or on a Saturday, Sunday, national holiday or Cuti Bersama day, gets the NAV of the next exchange day. The same cut-off applies to buying, selling and switching; for a purchase, what counts is when your payment is confirmed successful. The NAV is updated once a day, at the end of the day between 21:00 and 24:00 WIB, so the NAV you see when you place an order is the previous exchange day's NAV, not your final price. All times in this article are WIB, in 24-hour format.
How the time of your transaction decides your NAV
| When your transaction is completed | NAV you get | When it is completed |
|---|---|---|
| Exchange day, 00:00–12:59 WIB | That day's NAV | Purchase: units added on the next exchange day. Sale: verified by the investment manager on the next business day. |
| Exchange day, 13:00–23:59 WIB | The next exchange day's NAV | Purchase: units added within 2 exchange days. Sale: verified by the investment manager within 2 exchange days. |
| Saturday, Sunday, national holiday or Cuti Bersama | The next exchange day's NAV | Processed on the next exchange day, the same way as a transaction after 13:00 WIB. |
Key points
- Cut-off time: 13:00 WIB on exchange days. The same cut-off applies to buying, selling and switching mutual funds.
- For purchases: the time that counts is when your payment is confirmed successful.
- NAV update: once a day, at the end of the day between 21:00 and 24:00 WIB.
- NAV shown when you order: the previous exchange day's NAV, as an estimate. Your final NAV is the one listed after your transaction has been verified.
- Sale proceeds: transferred to your registered mutual fund bank account within a maximum of 7 business days, in line with OJK regulation 23/POJK.04/2016 Article 24.
- Before your first transaction: complete Indonesian Asset Verification under Account → Identity Verification → Indonesian Asset Verification. Review takes 1–2 business days.
- Step-by-step guides: "Langkah-langkah pembelian Reksa Dana di Pluang" for buying and "Cara Menjual Reksa Dana" for selling.
Related questions:
Q: What time should I buy a mutual fund to get that day's NAV?
Complete your purchase before the mutual fund cut-off at 13:00 WIB on an exchange day, that is, between 00:00 and 12:59 WIB. For a purchase, what counts is when your payment is confirmed successful, not when you create the order. A purchase confirmed before the cut-off gets that day's NAV and its units are added on the next exchange day; a purchase confirmed at or after 13:00 WIB gets the next exchange day's NAV and its units are added within 2 exchange days.
Q: What time should I sell a mutual fund, and when do the proceeds arrive?
The same 13:00 WIB cut-off applies to sales on exchange days. A sale before 13:00 WIB gets that day's NAV and is verified by the investment manager on the next business day; a later sale gets the next exchange day's NAV and is verified within 2 exchange days. The proceeds then reach your registered mutual fund bank account within a maximum of 7 business days. The step-by-step guide is "Cara Menjual Reksa Dana".
Q: Can I buy or sell mutual funds on a holiday or the weekend?
Yes, you can place a mutual fund transaction on a Saturday, Sunday, national holiday or Cuti Bersama day, because Pluang has no time limit on mutual fund transactions. However, it is not processed until the next exchange day, and it gets that day's NAV. For example, a purchase made on a Saturday is processed on Monday, if Monday is an exchange day, at Monday's NAV, which is updated on Monday evening between 21:00 and 24:00 WIB.
Q: When is the mutual fund NAV updated?
The NAV is updated once a day, at the end of the day, between 21:00 and 24:00 WIB on your NAV date. The NAV shown in the app when you place a transaction is the previous exchange day's NAV, used only as an estimate, because your final NAV is not yet known when you order. Your final NAV is listed in your transaction details once your transaction has been verified.