What mkt price do I get when selling a mutual fund?

Oldman answered 10 months ago …

Most of the Mutual Fund companies (Fidelity, Janus, Am. Century, ING, Franklin-Templeton, with whom I've dealt) have a 2:30 PM cut-off time for sell orders for a sale to be executed that day at that day's closing NAV (4:00 PM for the normal closing time of the stock market, in the Eastern time zone of the U.S.) Some will process the sale at a few minutes before 4:00, but each company's site and prospectus describes this very clearly by SEC rules for the past 30+ yrs. The price you get is the calculated NAV at close, usually available at the company's site or by 'phone after 8 or 9 PM that evening. Mutual funds are NOT valued intraday.