Can I redeem my Mutual Fund investments anytime?| ICICI Direct (2024)

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Can I redeem my Mutual Fund investments anytime?| ICICI Direct (2024)

FAQs

Can I redeem my Mutual Fund investments anytime?| ICICI Direct? ›

Can I redeem my Mutual Fund investments anytime? You can redeem your Mutual Fund units anytime for investments done in open-ended schemes. However, you cannot redeem units from ELSS Schemes before maturity due to lock-in period of 3 years.

Can I redeem a mutual fund anytime? ›

Yes, you can withdraw money from most mutual funds anytime, unless they have a lock-in period.

How do I redeem my ICICI mutual fund? ›

Can I redeem my ICICI Mutual Fund online?
  1. Login to ICICI Direct Account with the login credentials.
  2. Visit the mutual fund segment.
  3. Click on 'Unit Holdings' option.
  4. Click on 'Redeem' button in front of the scheme.
  5. Next, click on the confirmation.

What is the cut-off time for Icici Mutual Fund redemption? ›

3:00 p.m.

What is the penalty for cashing out a mutual fund? ›

You generally can withdraw money from a mutual fund at any time without penalty.

Why am I not able to redeem my mutual fund? ›

Trading Suspensions:

In some cases, Mutual Funds may suspend redemptions or sales temporarily due to market volatility, liquidity concerns, or specific circ*mstances affecting the fund. Check with the Mutual Fund company to see if there are any temporary suspensions in place.

What is the redeem charges of Icici Mutual Fund? ›

Mode Of Mutual Fund Investments

What are the charges applicable in case of any redemption? For all the redemption transactions, 0.05% of the market values is charged by the DP. ICICIdirect doesn't charge anything for redemptions.

How to stop mutual fund in ICICI Direct? ›

Steps to stop SIP online ICICI
  1. Login to ICICIDirect.com or ICICIDirect Mobile App.
  2. In the left navigation bar, expand 'Mutual Funds' and click 'SIP'.
  3. Click on the 'View Existing SIP' link.
  4. Choose the SIP and click on the 'Cancel' button.
  5. Confirm the cancellation SIP order.

What is the cut off time for Icici direct mutual funds? ›

If you place any order after the said cut-off time, you would be eligible for applicable NAV of the next day. As per SEBI guidelines the cutoff time for accepting orders in Non-liquid funds is 1500 hrs and in Liquid funds it is 1330 hrs.

How much does ICICI Direct charges for mutual funds? ›

ICICIDirect offers regular mutual funds. ICICIdirect charges Rs 30 or 1.5% of the investment value, whichever is lower, per transaction for investing through SIP route.

How to exit from ICICI Mutual Fund? ›

Yes, you can close or cancel mutual fund investments online. To close the ICICI Mutual fund online, you have to log in to your mutual fund account. Then, click on the existing holdings to view existing mutual funds in your Demat account. Now, click on the 'Cancel' button for a scheme to cancel the order.

How much time does it take to withdraw money from ICICI Direct? ›

Kindly fill and submit this to your bank either through email OR Internet Banking portal once you receive an email communication. Note: Once you submit the above information, money is usually available in your linked ICICI bank account in 3-4 working days.

Can I withdraw a mutual fund anytime? ›

Mutual funds are liquid assets, and as long as you invest in open-end schemes, be they equity or debt, it's easy to withdraw your investments at any time.

What is the best time to redeem mutual funds? ›

When Should You Consider Redeeming Your Fund Units?
  • Below-par Performance By The Mutual Fund. Redeeming your funds just because of temporary market flux is uncalled. ...
  • Financial Emergency. ...
  • Changes in Strategy. ...
  • Financial Goal Completion.
Jun 18, 2024

Is it good time to exit mutual funds? ›

When it comes to equity, it is very important that, especially when you are thinking about long-term goals, you want to exit as soon as you have 2-3 years left approaching your goal and there are just 2-3 years to get there.

Can you take out mutual funds at any time? ›

Mutual funds are liquid assets, and as long as you invest in open-end schemes, be they equity or debt, it's easy to withdraw your investments at any time.

How long do you have to keep money in a mutual fund? ›

Mutual funds have sales charges, and that can take a big bite out of your return in the short run. To mitigate the impact of these charges, an investment horizon of at least five years is ideal.

Can I opt out of mutual funds anytime? ›

You can withdraw your Mutual Funds anytime, except for the ELSS scheme. ELSS schemes have a lock-in period of 3 years.

When should you cash out a mutual fund? ›

However, if you have noticed significantly poor performance over the last two or more years, it may be time to cut your losses and move on. To help your decision, compare the fund's performance to a suitable benchmark or to similar funds. Exceptionally poor comparative performance should be a signal to sell the fund.

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