Can someone brief me instant redemption

Personal finance
1

What is instant redemption how instant it actually is?
What sort of mutual funds and fund houses give it?
Someone who has actually used it?
Can I have it in DeMat (coin)?

2
  1. You can redeem 90% or ₹50k, whichever is smaller within 30 mins.
  2. It is available in many liquid funds. When investing, check for instant tag in Kuvera, Paytm Money or AMC website. Eg: Nippon, PGIM, Aditya Birla, etc.
  3. Yes it works. Don’t redeem more than 90%, even if less than 50k. Will get stuck in 2 day redemption then.
  4. No. Will not be possible in demat since you receive funds only on T+2.

Sebi is moving everyone to t+0. So we might get end of day redemption, but instant will not be possible because it’s stored like stocks.

I would suggest you do it in Kuvera or Groww (if they have it). I have tested in Kuvera, and they offer 6-7 funds so you can do 50k * 6 = 3L instant redemption (provided 3L is lesser than 90% of total amount in liquid funds)

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