A. Mutual Fund (MF) Order

There are two types of order in MF i.e. Buy order and/or Sell order

Buy order comprises of two types - SIP and Lumpsum 

Sell order is also termed as “Redemption”

MF Buy order and Sell order has the following cut-off times:

    Buy order - till 2.30 PM

    Sell order - till 2.50 PM


How it works:

  • When you place the MF order within cut-off time, it is considered as ‘T’ day i.e. Trading Day.
  • When you place an order on ‘T’ day it will be in ‘Open’ status which means order is placed successfully on the Exchange.
  • Further the order status will move to either ‘In-process’ or ‘Placed’ status. These indicate that the order is moved from Exchange to RTA (Registrar and Transfer agents)
  • After this your order will be ‘Success or Failure’ on T, T+1 or T+2 days (anytime).
  • In case your MF order does not show proper status till T+2 working days, you can reach out to us.

Note: You need to wait for T+2 working days to get clarity on your MF order status    before reaching out to us.


B. Buy order placed in NFO (New Fund Offer)

  • Generally, the NFO window is open for a maximum of T+21 days.
  • When you place the NFO order on ‘T’ day it will be in ‘Open’ status which means order is placed successfully on the Exchange.
  • Further the order status will move to either ‘In-process’ or ‘Placed’ status. These indicate that the order is moved from Exchange to RTA (Registrar and Transfer agents)
  • The day you place NFO which is Live in the market you need to wait for T+21 days in order to get order status as ‘Success or Failure’.

Note: NFO statuses will not be shown under the order history on Web or Mobile App until allotment.

Redemption: 

Please note any transaction can be placed within cut-off time as for sell/redemption cut-off time is 2.50 PM and the settlement cycle is of T+3 days.

How it works:

  • ‘Open status’ will be seen on ‘T’ day
  • Further the MF order should move to ‘Placed’ status which means it is moved from the Exchange to the RTA.
  • Depending upon the scheme category the settlement cycle will be different which is as below-
  1. Liquid/Overnight Funds: T+1 to T+2 days

  2. Debt, Equity, Hybrid funds: T+3 to T+4 days 

  3. Overseas/International funds: T+9 days

Note: The redemption amount is credited into your Upstox wallet and not in the Bank Account. If you want to withdraw the redemption amount, follow steps mentioned here: How-can-i-withdraw-my-funds-