Each fund has a different settlement type determining when the AMC will transfer money to the user for redeeming funds.

Unit allotment happens within a couple of days of placing the order (T+2), but the time taken for the AMC to credit the redemption payout to the investor varies by scheme type:

- Liquid funds: T+1 day

- Debt funds: T+2 days

- Equity funds: T+3 days

- International funds: T+5 or more days

(T is the date when the order was approved by the AMC.)

Note: Some schemes may have different redemption cycles.

To protect investors and ensure adherence to best practices, SEBI mandates that AMCs transfer non-demat mutual fund redemption amounts/SWP only to the bank account linked to the investor’s folio. You cannot select any other bank account for withdrawals unless you update the bank account linked to your folio.

If verification fails or the bank account is closed, the AMC will send a cheque/DD to the registered address linked to the folio, which might delay the redemption.

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