How long will it take for my MF units redemption amount to reflect in my bank account?

After redeeming a mutual fund, the time taken for the amount to be credited to the bank account varies across mutual funds.


To view the redemption time on the Upstox app, follow below steps:


Step 1: Log in to the Upstox app using your 6-digit PIN or biometrics.


Step 2: Go to Mutual Funds on Upstox for Investors mode.


Step 3: Tap Portfolio and select Your Portfolio.


Step 4: Tap Investments and select the relevant Mutual Fund investment.


Step 5: Check the transaction history to view the redemption details, including the applicable payment/credit timeline.


Note: As per the SEBI circular, the redemption amount will be credited directly to your registered bank account instead of Upstox wallet.


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