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Why did my redeem order fail?

Your mutual fund redemption order may have failed due to the following reasons:
  • Insufficient Holding: You may not have enough units available for redemption or have already redeemed them.
  • Minimum Redemption Criteria Not Met: Some funds require a minimum amount or unit for redemption. If your balance is lower than this, the order may fail.
  • Units Still in Lock-in Period: ELSS funds have a 3-year lock-in period, and redemption is not allowed before that.
  • Bank Account Issues: If your registered bank account is closed, inactive, or mismatched, the request may fail.
  • SIP Units Recently Purchased (T+2 Rule): If you recently bought mutual fund units, they may still be in the settlement period (T+2 days for equity funds, T+1 for debt funds).
  • Frozen Account or KYC Issues: If your KYC is not updated or your account is frozen due to compliance issues, the redemption will fail. You can update your KYC via CAMS/Karvy and check with your AMC.
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