1. Equity Mutual Funds (Stocks-based funds)
Settlement time: Usually T+3 working days
→ “T” means the transaction day (the day you place the redemption before cut-off time).
So if you redeem today (Thursday) before 3 PM,
→ You’ll likely get the money in your bank by Monday or Tuesday (excluding weekends and holidays).
Settlement time: Usually T+3 working days
→ “T” means the transaction day (the day you place the redemption before cut-off time).
So if you redeem today (Thursday) before 3 PM,
→ You’ll likely get the money in your bank by Monday or Tuesday (excluding weekends and holidays).
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Equity Mutual Funds (Stocks-based funds)
-
Settlement time: Usually T+3 working days
→ “T” means the transaction day (the day you place the redemption before cut-off time).
So if you redeem today (Thursday) before 3 PM,
→ You’ll likely get the money in your bank by Monday or Tuesday (excluding weekends and holidays).
🔹 2. Debt Mutual Funds (Bond-based funds)
-
Settlement time: Usually T+1 working day
→ So if you redeem today before 3 PM,
→ The money is usually credited tomorrow (next working day).
🔹 3. Liquid or Overnight Funds
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