How will we receive the funds when we sell the MF's on Coin?


#1

Hi

I had purchases some Kotak Select mutual funds on coin, however due to some requirement, I had to redeem them.

Kindly let me know how will i receive the funds out of sale of such mutual funds? I
a) Into Zerodha equity balance
b) By direct transfer to bank account
c) By Cheque

Request to let me know at the earliest.

Regards
Kanishk Jain


#2

The funds will be credited to your trading account.


#3

Thanks Bhuvanesh for the quick reply.

By when can I expect the funds credited ?


#4

It differs according to each mutual fund. The settlement period will be shown in the redemption window, check this.


#5

Recently i also redeemed some units & 4 days back, i received SMS that cheque as been dispatched.

I am yet to receive it. Please let me know how did you receive money?