For reference, here is an illustration table showing the 'N' working days.


Type of funds and number of applicable days (tentatively)

Scheme Category

Settlement TAT

Cut-off timing

Liquid/Overnight Funds

Within T+1 day

02:50 pm

Debt, Equity, Hybrid funds

Within T+3 days

02:50 pm

Overseas/International funds

Within T+10 days

02:50 pm


Note: As per SEBI circular, redemption of the mutual funds amount will happen to your bank account directly now instead of the Upstox wallet. It will take up to T+N working days for the amount to be credited to your bank account after the redemption request is placed successfully. You will see a confirmation message as the sell request is confirmed. 

 

Until further notice, you do not need to pay CDSL charges when redeeming or selling mutual funds.


Charges for placing mutual funds orders.