Redemption

FAQs about how to redeem from funds, funds of your own choice, when the amount will reach your bank account, etc

When will the money I have redeemed get credited to my bank account?
Equity Mutual Funds - It takes up to 5 business days for the money to get credited to your bank account.  Debt Mutual Funds - It takes up to 1-3 busi...
Mon, 12 Jul, 2021 at 1:48 PM
How can I redeem/withdraw from my funds?
You can follow these simple steps:   On the app:   Home page → Mutual Funds (either from the center of the screen or from the bottom tab) → Click on the...
Mon, 12 Jul, 2021 at 1:43 PM
How can I redeem/withdraw from the funds of my own choice?
There are two ways of doing this:   On the website:  Method 1 - Dashboard → Click on the 3 dots beside the goal from which you want to withdraw → Rede...
Thu, 8 Apr, 2021 at 9:02 PM
Which day's NAV (Net Asset Value) will I get if I redeem today?
The cut off time for redemption is slightly different than for investment (as per the latest guidelines). If the redemption request is placed before the cut...
Tue, 29 Dec, 2020 at 4:42 PM
Can I withdraw my money whenever I like?
Yes, you can withdraw your money at any time from any scheme, except in the case of ELSS Tax Saving Schemes. ELSS schemes have a lock-in of 3 years from the...
Thu, 11 Feb, 2021 at 4:56 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...
Fri, 27 Nov, 2020 at 12:53 PM
Can I withdraw partial amounts?
Yes, you can withdraw partial amounts whenever you like except in the case of ELSS Tax Saving Schemes. ELSS schemes have a lock-in of 3 years from the dat...
Fri, 27 Nov, 2020 at 12:54 PM
Which bank account does the redemption amount come to?
The redemption amount comes to the bank account that is linked to the folio. If you have invested in this folio through us from the beginning (the folio fal...
Thu, 11 Feb, 2021 at 4:57 PM
Upcoming holidays may delay redemption payouts
Whenever you redeem (withdraw) from your mutual fund investments, the amount usually gets credited to your bank account within the below-mentioned timeline:...
Tue, 7 Sep, 2021 at 4:11 PM