I have placed mutual fund redemption request on 1st september, and now while checking coin, it is showing rejected and reason is Transaction failed due to technical issue at CDSL.
So, should I have to replace my request and wait for 2 more days to get funds? And if there is any price difference due to this, who shall bear that?
I m facing same issue,
Many days no action, I called them they said itll happen one day.
Can’t wait for around a week
Congratulations you are in jndia, where you have to pay numbr of taxes and get this in return. Really messed up system. No one to look into. I had urgent requirement of money but no one cares. Moreover there will be no redressal for losses i incurred due to their so called technical issue
Very unfortunate.
These sorts of issues are equivalent to the impact cost in stocks.
Mutual funds guarantee liquidity, but there seems to be no guarantee when it comes to execution of the orders at the intended NAV.
Not being able to Buy or Sell at desired NAV is really bad.
There is no guarantee that even if orders are placed within the cut-off time, you will get the same day’s NAV. Probably it is left to LUCK.