Redemptions/Withdrawals

Queries related to redemptions/withdrawals

When will the money I have redeemed get credited to my bank account?
Equity Mutual Funds take upto 5 days to get credited to your bank account.  Debt Mutual Funds take 1-3 business days.  Liquid Mutual Funds (type of ...
Tue, 16 Jun, 2020 at 12:13 PM
Can I withdraw my money whenever I like?
Yes, you can withdraw your money any time from any scheme, except in case of ELSS Tax Saving Schemes. ELSS schemes have a lock-in of 3 years from the date o...
Wed, 24 Jun, 2020 at 7:37 PM
Can I withdraw my ELSS funds before the lock in if I am ready to pay a penalty?
No, ELSS funds are locked in for three years. This means that no redemption is allowed during the period in which the funds are locked in, even if you are w...
Tue, 23 Jun, 2020 at 4:35 PM
Can I withdraw partial amounts?
Yes, you can withdraw partial amounts whenever you like except in case of ELSS Tax Saving Schemes. ELSS schemes have a lock-in of 3 years from the date of i...
Tue, 16 Jun, 2020 at 3:03 PM
What is an SWP?
SWP is the short form for Systematic Withdrawal Plan. An SWP is a plan that allows investors to give consent to a Mutual Fund to periodically redeem/withdra...
Tue, 16 Jun, 2020 at 3:06 PM
Can I do SWP?
Yes, you can do so but not from your account directly yet. You can write to us at care@goalwise.com with the relevant details (like goal name, scheme name, ...
Wed, 24 Jun, 2020 at 7:38 PM