The time it takes to process a redemption order depends on the type of mutual fund and when you place the order. If you place your order on a working day before 3 PM, here are the typical timelines:
- Liquid Funds: T + 1 working day
- Debt Funds: T + 2 working days
- Equity Funds: T + 3 working days
- International Funds: T + 5 working days
Important Notes:
- If you place the order after 3 PM, it's considered placed on the next working day (T+1).
- Saturdays, Sundays, and market holidays do not count as working days.
- While most schemes follow these timelines, some may have different settlement cycles. It's a good idea to check your specific fund’s details.