February 16, 2014 2:00 pm
Suppose I place a redeem request online for certain units for a liquid fund, in how many days money will be credited into my bank account.
Its ok Ashal…. I got your point of T+1 days by your clear explanation. 🙂
Dear Hemanth, I’m sorry for my typo error. It’s T+1 not T+12. I’m really very sorry for it.
Thank you Ashal and Sumit
Dear Hemanth, it’s T+12 day. So if you file your redemption request on Monday, money should be in your account by Tuesday.
It takes a day normally, but may depend on AMC.
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