Lump Sum Orders

FP supports three types of lump sum orders -

  1. MF Purchase
  2. MF Redemption
  3. MF Switch

While each type of lump sum order has a different workflow, the states that each type goes through - from order created to order successfully processed by the gateway - is the same as shown below.

Order States

The definition of each order state is mentioned below -

State Description
under_review When a purchase order is created using ONDC gateway, the order will be in under_review state. The gateway will asynchronously review the order details and if review passes, the order is marked as pending
pending The order is created, but not ready for submission
confirmed The order is ready for submission to the order gateway
submitted The order has been submitted to the order gateway
cancelled The order is cancelled. Cancelled orders are not sent for processing.
Note: Only pending orders can be cancelled
successful The order has been successfully processed by the order gateway
failed The order processing has failed
reversed A previously successful order has been reversed by the order gateway for some reason. Changes in units will be reversed in such cases

Orders Lifecycle

  1. Please refer NAV Applicability to learn more about the cut-off time & day of unit allotment for an order.
  2. An order will be marked complete automatically in FP once the payment is completed. Payment complete means that amount transfer to AMC has been initiated by FP. If you are managing payment collection by yourself, you need to mark the order as confirmed yourself. Refer the settlement procedure here.
  3. T day in the lifecycle indicates the case where order placement & payment completed on same day before cut off time. An investor may take upto 7 business days to complete payment for an order. Order will be processed on T+1 business day from the time payment steps are completed.