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My redemption has been completed but the amount has not been credited. Why?
The timing for receiving your redemption amount depends on the mutual fund scheme's settlement cycle. Here's a general timeline based on the type of fund:
- Liquid Funds: T+1 business day
- Debt Funds: T+2 business days
- Equity Funds: T+3 business days
- International Funds: T+5 or more business days
('T' refers to the date when the order is approved by the AMC.)
Please keep in mind:
- Some schemes may have different redemption cycles.
- According to SEBI guidelines, AMCs must transfer the redemption amount only to the bank account linked to your folio.
- If your linked bank account is closed or fails verification, the AMC might send a cheque or demand draft to your registered address, which could delay the payout.
If you need more help or have questions about your specific transaction, please contact our support team.