How can I use the invest option on the funds withdrawal page?(हिंदी में पढ़ें)
If you are waiting for a trade and have withdrawn your idle funds, it will be earning next to nothing in your savings bank account. However, instead of withdrawing your money to your bank account, you can now park your idle cash in an overnight mutual fund and earn more than savings bank interest.
You can click on the link below and invest in an overnight fund of your choice on Coin.
What is an overnight mutual fund and how safe is it?
Overnight funds invest in securities with a maturity of up to 1 day. This completely removes interest rate risk. There is no lock-in period. You can stay invested in these funds for the period of your choosing.
Where do overnight funds invest?
Overnight funds invest in fully collateralized instruments such as Tri-party Repo (TREPS), Repo, and Reverse Repo. Since these instruments are collateralized there is no default risk.
How much will I earn?
The returns of overnight funds will largely be in line with the RBI Repo rate. You can check the current Repo Rate on the RBI website under the policy rates menu.
Where can I view/redeem the units?
You can view/redeem the overnight fund units on Coin .
How much time does it take to receive funds on the redemption of overnight fund units?
If you place a redemption request before the cut-off time, the units will get redeemed and the amount will be credited to your trading account on T+1.
Can I pledge the units?
You can pledge select overnight funds. We've explained this here .
1. The cut-off time for redemption requests has been changed. Click here for updates .
You can hover the mouse on the 'manage' option to modify or delete the order.
2. Please ensure to maintain sufficient funds in your Zerodha trading account before 11 AM for the SIP orders on the SIP due date. The SIP orders can also be deleted before 11 AM (AMC SIP orders cannot be deleted).