Mutual Funds
How long it takes to receive my money for a sale transaction and my shares for a buy transaction?
Brokers were required to make payment or give delivery within two working days of the pay - out day. However, as settlement cycle has been reduced fromT+3 rolling settlement to T+2 w.e.f. April 01, 2003, the pay out of funds and securities to the clients by the broker will be within 24 hours of the payout.
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More from this specialization
- How can the investors redress their complaints?
- How to fill up the application form of a mutual fund scheme?
- What is Net Asset Value (NAV) of a scheme?
- How long will it take for transfer of units after purchase from stock markets in case of close-ended schemes?
- How to know where the mutual fund scheme has invested money mobilised from the investors?
- What is a Tax Saving Schemes?