Comment on Quarterly settlement of funds & securities

Lokesh Jain commented on 10 Oct 2017, 11:28 AM

Hi Nithin,

Probably I am missing something here. I redeemed my units in Peerless liquid fund – Direct Plan, expecting for the funds to be made available immediately for trading. However, that didn’t happen. It seems funds will be available after settlement, that is T+1.

What I am missing here? Are we talking of some specific liquid funds here? Is there a way for me to invest surplus amount somewhere, so that on redemption they are available immediately for trading?

Thanks,
Lokesh

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