Invest in Liquid Funds with Instant Redemption. And have the Advantge of a Savings Account.
Invest your idle money from your savings account and get better returns.
Savings account returns are at 4% and liquid funds returns are at 7.5%. Get the comfort of savings account through liquid funds.
Understand the features available while investing in liquid mutual funds with an instant redemption option.
Get to Understand the features available for Investments in Liquid Mutual Funds with Instant Redemption.
Investing in liquid funds incurs Zero charges and there is no penalty on withdrawal.
Liquid funds have zero lock-in period, which means the investment can be withdrawn anytime without any hassle.
Instantly withdraw upto 90% of your investment or Rs. 50,000 per day whichever is lower.
Compare the returns earned while investing in Fixed Deposit, Savings Account & Instant Redemption Liquid Funds.
Instant redemption is a facility offered through liquid mutual funds allowing instant withdrawal of the invested amount to the customer’s bank account 24x7.
Instant redemption facility is offered on few selected liquid funds by the mutual funds companiesss
Reliance Mutual Fund is the only AMC which has facilitated the integration of 3rd party systems like FundsInn with instant redemption. We are currently working with other AMC’s to enable this facility when their systems are equipped.
No. The instant redemption request is processed instantly and therefore cannot be cancelled.
An investor can withdraw either Rs. 50,000 or 90% of the investment value whichever is lower. This is a regulation as mandated by SEBI.
In normal redemption, the request to redeem should be placed before the cut-off-time of 13:00 (1PM) and the requested redemption is credited to investor’s account on a T+1 basis. In case of an instant redemption request, the request is processed immediately through IMPS.
Usually the redemption is credited to the bank account within half-an-hour. In case you don’t receive the credit, please contact our customer care team.