How long does it take to receive redemption proceeds?

When you redeem (sell) a mutual fund, the time it takes to get your money depends on the type of fund. Here’s how long it typically takes:

• Liquid Funds: You’ll receive your money in 1 working day [Transaction Day plus 1 day (T+1)]
• Debt Funds: The money will reach your bank in 1 working day [Transaction Day plus 1 day (T+1)]
• Equity Funds: It will take two working days [Transaction Day plus 2 days (T+2)].
• Hybrid Funds: It will take two working days [Transaction Day plus 2 days (T+2)].
• International Funds: These can take up to 5 working days [Transaction Day plus 5 days (T+5)]

(T is the date the order was approved.)

If you place your order before 3 PM on a working day, the time mentioned above applies. Orders after 3 PM are considered as the next day’s transactions. Remember that weekends and holidays are not counted as working days so that they can delay the process.

Your money will be credited directly to the bank account you provided when you signed up for the mutual fund.

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