Conditional order is a unique order that lets an investor invest in a particular fund when the NAV of the fund reaches the desired value. A range of 10% from the current NAV of the fund is provided and you are given the flexibility to choose any value within the range you are willing to invest. The conditional order is allowed for up to three months from the date of placement. You can choose a period within the three months and an expected NAV value. When the fund's NAV  touches the NAV given by you within the date mentioned, the order is immediately treated as a normal order and is processed.