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Why did my redeem order fail?

Your mutual fund redemption order might have failed due to several reasons:

1. KYC or Account Issues:
  • Your KYC might not be updated, could be invalid, or on hold.
  • PAN details might be missing or not verified.
  • Aadhaar might not be linked to PAN, causing authentication failure.
  • Your account could be frozen due to compliance issues.
  • Bank account details might be mismatched or unverified.
2. Balance and Redemption Issues:
  • There might be insufficient units available for redemption.
  • Units could be below the minimum redemption limit set by the fund.
  • ELSS funds have a 3-year lock-in period, so early redemption isn't allowed.
  • Recently purchased SIP units might still be in the settlement period (T+2 days for equity, T+1 for debt).
3. Transaction Processing Errors:
  • There could be incorrect or incomplete transaction details.
  • Processing delays or provisional orders might not be confirmed.
To avoid these issues, check your KYC, bank details, and fund balance before placing a redemption request. You can update your KYC through CAMS/Karvy and contact your AMC for assistance.
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