Below are some common Mutual fund schemes in India and their corresponding settlement cycles for buy and sell/redemption orders:

Buy order: Units will be credited to your account within T+2 business days.

Sell order:

1. Equity Funds:

• T+2, T+3, T+5 and T+6 and T+7 business days

2. Debt Funds (Fixed Income Fund):

• T+1, T+2, T+3 business days

3. Hybrid Funds:

• T+1, T+2, T+3 and T+4 business days

4. Gold Funds:

• T+2 and T+3 business days

5. Overnight Funds: As per the latest SEBI guidelines (SEBI/HO/IMD/PoD2/P/CIR/2025/56), the cut-off time for redemption in overnight Mutual fund schemes has been revised to 6:30 PM, effective June 1, 2025. Redemption proceeds for overnight schemes follow T+1 settlement. Orders placed after 7:00 PM will be processed with the next business day's NAV.

Based on the scheme type, settlement of your funds could vary. You will receive your sell proceeds by the end of the particular settlement day.

Summary of settlement cycle applicable as per the asset class:

Settlement type
Scheme Type	T+1	T+2	T+3	T+4	T+5	T+6	T+7
EQUITY		✔️	✔️		✔️	✔️	✔️
DEBT	✔️	✔️	✔️
HYBRID	✔️	✔️	✔️	✔️
GOLD		✔️	✔️
OVERNIGHT	✔️

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