Sold units worth 90k of canara robeco. No payout yet

Personal finance
1

Sold units worth 90k of canara robeco on thursday 5 Dec.
I got a cdsl text saying my demat is deducted the next day.
But the money yet did not made it into my account …
What may be causing the delay ?
Just afraid after hearing the Karvy news.

2

wait till monday// they also need break on saturday -sunday.( Processsing happen on working day max 3)

3

If its T+2 day stock u will get money on monday evening, if its T+3 you will get it on tuesday evening because Saturday and Sunday holiday.

4

If you’ve sold your MF investments through Coin, Zerodha’s MF platform, the funds will hit your trading account not your bank account. You would then be required to place a withdrawal request and transfer fund to your bank account.

Also, your trading ledger will get credited as per the settlement terms of the respective fund. So if it’s T+2, then you’ll receive the credit today and likewise.

5

Thank you all for clearing that up.

1 Like
6

So no funds on Monday. Hopefully Tue it will be there.
I got a text from CRBnf saying they diSpatched a cheque. Which is weird.
Your redemption in Folo XXXXXXX7073 CRMF Equity Diversified Fund - is processed. A cheque for an amount of 98412.51 will be dispatched to you.