Many investors shy away from investing in liquid or money market mutual funds thinking redemption may need advance planning. They cannot, for instance, place a redemption request on a non-working day or during weekends. Also, after placing a request, they may have to wait for 1-3 days for the money to reach their account.
To overcome these hurdles and to make their products as competitive as banks', mutual funds now allow instant redemption. So far, two fund houses -Reliance and ..
