The redemption cycle depends on the type of fund. Each fund has a different settlement type that determines when the AMC will transfer money to the user to complete the redeeming process. Even though unit allotment happens within a couple of days of placing the order (T+2), the time taken by the AMC to credit the redemption payout to the investor is different and based on the type of the scheme. Liquid funds -> T+1 days Debt funds -> T+2 days Equity funds -> T+3 days International funds -> T+5 or more days where T is the date when the order was approved by the AMC. Note: Most schemes follow the redemption cycle mentioned above. But there may be some schemes with a certain scheme type that may have a different redemption cycle.