The time taken for the amount to be credited to your bank account after redeeming a mutual fund varies across mutual funds. You can view the redemption time for your specific fund on Coin.
View redemption time on Coin app
- Tap on Investments.
- Tap on the fund.
- Tap on the context menu button and then on Redeem.
View redemption time on Coin web
- Login to Coin.
- From the drop down click on Mutual funds.
- Click on Holdings.
- Click on the fund and then on Redeem.
The redemption time will be displayed on the order window.
Example scenario
Assume the settlement cycle is T+1. If you place the redemption request before 3 PM on a Monday, the funds will be credited to your primary bank account by the end of the day on Tuesday. If you place the redemption request after 3 PM, the funds will be credited by the end of the day on Wednesday.
Did you know? If you modified your bank account, the redemption amount will be credited to the bank account that was linked as your primary bank account at the time you placed the order.