The time taken to process a redeem (sell) order depends on the type of fund.
Let’s say the successful order was placed on T day before 3pm, below timelines will be applicable.
Liquid funds -> T+1 working days
Debt funds -> T+2 working days
Equity funds -> T+3 working days
International funds ->T+5 working days
For any order placed after 3pm, the order would be considered as belonging to the next day.
Also, while most schemes follow the timelines mentioned above, there may still be some schemes that follow different settlement timelines.
*Please note that market holidays, Saturday and Sunday are not considered as working days.