Once you sell your fund (in full or part,) your money will be directly credited to your account. Moneycontrol does not participate in your monetary transactions with the Mutual Funds Company. The credit happens directly to your bank account from the AMC (Mutual Fund Company.)
If you started a sell transaction before the cut-off time on a working day, then you will receive funds in your account in 1-2 working days.
Cut-off time for various funds:
• Equity, Hybrid and Debt Funds – 3:00 PM
• Liquid Funds – 1:30 PM
So if you place an order to sell mutual funds on Friday at 4:00 PM. Your order will be taken up for processing on Monday. (Assuming Monday is a working day.) And you should receive the money in your bank account by Wednesday. (Assuming Tuesday and Wednesday are working days.)However, if you start the process on a Wednesday at 2:30 PM, then the money will be credited to your account on Thursday or Friday. (Assuming Thursday and Friday are working days.)
FAQs
If I sell my fund, how will I get my money back? ›
Once you sell your fund (in full or part,) your money will be directly credited to your account.
How long does it take to get money after selling mutual funds? ›Mutual Fund: Buyer is the mutual fund itself and the seller is the company who sell the corresponding units in current Net Asset Value (NAV). The amount gets credited in the account within three to four working days.
What happens when you sell your mutual fund? ›If you sell a mutual fund investment and the proceeds exceed your adjusted cost base, you realize a capital gain. Realized capital gains must be reported for tax purposes in the year of sale. Capital gains are also taxed more favourably than interest, dividend and foreign income.
When I sell my stock, how do I get my money? ›The proceeds from the stock sale will be deposited into your brokerage account or sent to you in the form of a check. The amount of money you receive will depend on the price you sell the stock and any fees or commissions charged by the brokerage firm.
Can I get my money back from a mutual fund? ›To withdraw money from mutual funds, submit a redemption request to the fund house. The process involves filling out a redemption form, specifying the amount you wish to withdraw. Keep in mind that certain funds may have exit loads.