Mutual fund redemption is a process of selling mutual fund units back to the asset management company (AMC), which manages your fund. It means as a subscriber you are withdrawing units – called ‘redemption’ in mutual fund parlance. When you redeem your MF scheme, partially or fully, you receive funds in your bank account linked with the MF account within 3-4 working days. Hence, in that way, mutual funds are very beneficial for an investor who likes liquid investment as it makes exit very easy and instant.
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