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What these timelines mean for you
The timelines below are the outer limits set by regulation; many AMCs complete transactions faster. 'Working day' / 'business day' excludes weekends and market holidays. If an AMC delays redemption or IDCW payments beyond the prescribed time, it is required to pay interest for the delay.
| Transaction | Timeline (as per SEBI / AMFI norms) |
|---|---|
| Purchase - NAV applicability | Same-day NAV if application and funds are received before 3:00 pm (1:30 pm for liquid & overnight schemes); otherwise next business day |
| Redemption - NAV applicability | Same-day NAV if received before the 3:00 pm cut-off; otherwise next business day |
| Redemption proceeds to your bank | Within 3 working days of the redemption request (longer for specified scheme categories notified by AMFI) |
| IDCW (dividend) payout | Within 7 working days of the record date |
| NFO unit allotment | Within 5 working days of the NFO closing |
| Transaction confirmation (SMS / email) | Within 5 business days of the transaction |
| Consolidated Account Statement (CAS) | Monthly, for months with a transaction; otherwise half-yearly |
| SIP / STP / SWP registration | As per the AMC's notice period; a fresh bank mandate can take a few weeks to register |
| Switch | Treated as a redemption from one scheme and a purchase in another - cut-offs apply to both legs |
Timelines are summarised from SEBI and AMFI norms as of October 2026 and may change. The scheme's SID / SAI states the service standards that apply to it.
Frequently asked questions
- What if my redemption money is delayed?
- Contact us and the AMC first. If the delay continues, you can escalate to AMFI, SEBI SCORES and SMART ODR - see our Grievance Redressal page. AMCs must pay interest for delays beyond the prescribed timeline.
Sources
Explained in our own words for investor awareness. Refer to the source and the scheme's SID / SAI / KIM for the authoritative position.
Related terms
For investor awareness only - not investment advice. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.