You can quickly withdraw your money from mutual funds
Own money from a mutual fund does not take much time
Today we will tell you how you can withdraw your money by redeeming mutual fund units. The way is easy,
Mutual funds not only give better returns than banks, but they are also the favorite of investors because it is easy to withdraw money from them. Today we will tell you how you can withdraw your money by redeeming mutual fund units. The way is easy, not difficult.
This is the process to redeem a mutual fund unit
If you want to redeem a unit of a mutual fund, you can start this process on any business day. If you want to go and do this work yourself, you should download the transaction slip first from the mutual fund company’s website and fill it well. You can submit these redemption application documents to the official office of the mutual fund company. If you want, you can also use the online portal facility of mutual fund companies. Many mutual fund companies offer online redemptions (redeeming mutual fund units) through their website. If you have invested through an online portal, you can redeem your units using the online facility.
Step by Step Guide: This is an easy way to start investing in mutual funds, know how to open an account
Mutual fund money will be available at this time,
If you have invested in liquid or debt-oriented mutual funds then you will get the money in one to two days. Money from equity funds comes to investors in 4-5 days. Yes, the thing to keep in mind is that if you have invested in equity funds and are redeeming the unit within 365 days of purchase, then you may have to pay an exit load of 1%. There is no exit load on liquid funds, ultra short-term funds, etc.
Also read: Step by Step Guide: Start small investments in mutual funds, you will get better returns at less risk
This is how mutual fund money comes to you.
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