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)?
- You can redeem 90% or ₹50k, whichever is smaller within 30 mins.
- 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.
- Yes it works. Don’t redeem more than 90%, even if less than 50k. Will get stuck in 2 day redemption then.
- 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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a. Liquid funds offer the convenience of instant redemption, empowering investors to access their investments within minutes.
b. Ideal for short-term objectives such as planning a vacation or securing emergency funds, these mutual funds provide flexibility and peace of mind in managing financial goals efficiently.
Can anyone point to a list of fund houses that provide instant redemption if I invest directly with them? (Not through Coin)
That’s every fund house I suppose because it’s a mandatory requirement on liquid funds in SOA.
Not mandatory
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