@nithin @Bhuvan If I have understood the query correctly, @Abhranil_Dutta_majum is asking for Instant Redemption for those select funds which redeem as early as 30 minutes.
Following is the list of those funds:-
- Nippon India Liquid Growth Direct Plan
- Aditya Birla Sun Life Liquid Growth Direct Plan
- PGIM India Insta Cash Growth Direct Plan
- Axis Liquid Growth Direct Plan
- ICICI Prudential Liquid Growth Direct Plan
- Principal Cash Management Growth Direct Plan
In the above funds, one can get the redemption amount in their bank account in about 30 minutes, 24x7, even on weekends and days when the market is closed.
Just for this purpose of instant redemption, one may have to open an account in those 3rd party competitor websites and invest in non-demat format.
It would be great if somehow this feature is made available for Demat format also. Just thinking so because NEFT transfer is already 24x7 available. So if there is some way to make this instant redemption feature available, it would stop such people from moving away from Coin to invest in those 3rd party websites (non-Demat) for this sole purpose of instant redemption.