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Mutual Funds with Instant Redemption Facility:


Smarter way to invest and grow your ideal money:Ultra short term or Liquid funds

As emergency can come any time,number of mutual funds have come with instant redemption facility where money will be credited in linked saving account instantly or within certain period of time like 30 minutes.

Mutual Funds with Any Time Redemption Facility

Currently following funds are offering instant redemption facility:

  1. Reliance money manager fund.
  2. DSP Blackrock Money manager fund.
  3. UTI Money Market fund.
  4. SBI Savings Fund.

What investors need to remember while opting for instant redemption facility:

  1. To opt for this facility,IFSC code need to be registered in the folio.
  2. Investors registered bank need to be Immediate Payment Service (IMPS) enabled.
  3. Facility may available for transactions made only through website or mobile app.
  4. Most of the funds have kept daily redemption limit as Rs.2 Lakh. But if you have opted for Reliance MF Any Time Money Card,limit for instant redemption will be 50% of valuation with upper cap of Rs.2L.
  5. Routine offline redemption facility available as it is.

Risks associated :

  1. Investor can face technical issue while transacting online or through app.
  2. Most of the funds offering this facility have modified duration up to 1 year so investor need to have sufficient investment duration.

Rest this is good value added facility by mutual funds and investor can take benefit of the same.


Category: Mutual Funds

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One Response

  1. Admin says:

    Please read UTI Money Market Fund instead of UTI Savings Fund.

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Information provided on this blog is for general purpose only & not investment advice.Please take advice of SEBI Registered Investment Advisors before taking any investment decision.
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