What is the withdrawal process?
The withdrawal process in mutual funds can be done in two ways:
- Redemption: This is when you manually sell your mutual fund units to withdraw money. The redeemed amount will be credited to your registered bank account based on the fund's settlement period.
- Systematic Withdrawal Plan (SWP): This allows you to withdraw a fixed amount at regular intervals (monthly, quarterly, etc.), providing a steady cash flow while keeping your investment active.
The timeline for receiving the withdrawn amount depends on the type of mutual fund, with equity funds typically taking T+3 days, debt funds T+2 days, and liquid funds T+1 day to process the withdrawal.
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What is the withdrawal process?
The withdrawal process in mutual funds can be done in two ways:
- Redemption: This is when you manually sell your mutual fund units to withdraw money. The redeemed amount will be credited to your registered bank account based on the fund's settlement period.
- Systematic Withdrawal Plan (SWP): This allows you to withdraw a fixed amount at regular intervals (monthly, quarterly, etc.), providing a steady cash flow while keeping your investment active.
The timeline for receiving the withdrawn amount depends on the type of mutual fund, with equity funds typically taking T+3 days, debt funds T+2 days, and liquid funds T+1 day to process the withdrawal.
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