Are you worried about losing access to your money once invested in a Mutual Fund? In fact, you’ll have complete freedom to withdraw your money whenever you need. Many investors think their money is blocked since they may have to undergo a cumbersome redemption process. Withdrawing your money from a Mutual Funds can be as easy as withdrawing money from your bank. All you need to do is login to your mutual fund account and click the “Redeem” button.
You can also submit a request through your distributor or visit the Mutual fund’s office to submit your redemption request. The money gets credited to your registered bank account within 3-4 working days depending on the kind of scheme you’ve invested in irrespective of whether you place the request online or through a physical application. In case of some Overnight or Liquid FundsLiquid Funds, you even can get your money out on the same day as some AMCs offer an instant redemption facility to their investors for investments up to INR 50,000. Since these funds are meant for parking surplus cash for a few days or weeks, the instant redemption facility enables you to meet immediate cash needs while your money can earn some returns. However, one should be mindful of the exit loads applicable on redemptions.
