MF industry announces T+2 redemption payment cycle for equity schemes1 min read . Updated: 28 Jan 2023, 03:40 PM IST
From Friday, shares sold or bought would reflect in investors‘ demat account after a period of one day, leading to quicker settlement and faster liquidity for stock market investors.
From today, Indian equity markets move to T+1 settlement cycle for all stocks, shortening the settlement cycle by a day and making availability of funds quicker. To pass on this benefit to mutual fund investors, all asset management companies (AMCs) will move to T+2 redemption payment cycle for equity schemes, and implement this uniformly with effect from 1 February.
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