Instant Liquid Fund Redemption on Dhan

Mutual Fund Investing
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1

Does the Dhan app allow us to get Instant redemption from Liquid Funds?

2

Hi @metallic_sigma ,

We don’t have instant redemption for Liquid Funds just yet, but you can still go for normal redemption. Its in our to-do’s list

1 Like
3

Thanks for replying.

Any tentative date by which this would be implemented?

4

Hi @metallic_sigma ,

We’re actively working on expanding the functionality to include full features for Mutual Funds However, we don’t have concrete timeline for insta-redemption feature yet.

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5

Is instant withdrawal available now?

6

Hi @SmallCapHunter,

We’re constantly innovating to bring you the best features on the Dhan app. While instant withdrawal isn’t available just yet, rest assured it’s on our radar!

7

So how much time does it take currently? 1-2 days?

8

Hi @SmallCapHunter

With insta-redemption, your money get creidted up in 30 mins; normal redemptions take 1 day for liquid funds.

9

@metallic_sigma
Schitts Creek Comedy GIF by CBC

let me give you Answer, Dhan Team is Pro Actively Working on this, this feature is already in their To-do list.

As Response given by @Saurav.P "[quote=“Saurav.P, post:4, topic:26444”]
We’re actively working on expanding the functionality to include full features for Mutual Funds However, we don’t have concrete timeline for insta-redemption feature yet.
[/quote]
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@metallic_sigma my suggestion to you is kindly Sign out to this platform and come back after 1 year. you will be same response. its Jock a part. Don’t take me seriously.
BTW my genuine suggestion to you that focus on trading instead requesting on this platform. they will as they have planed to do. and if your feature most important to you then switch to broker who provide that feature.

2 Likes
10

Hi @Saurav.P When the instant redemption of liquid funds will be provided?

11

Hi @specter

Demat MFs are our current priority. Insta-redemption is planned in our roadmap.

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12

Thanks for the update @Saurav.P .
Even I’m looking forward for MF’s in demat form since long and would be an awesome experience to try it out.
But any approximate timeline when the insta-redemption of liquid funds will be provided?

13

It would be great and helpful if the team could prioritise the Mutual Funds availability on our Web platform too. I prefer placing orders or comparing mutual funds through Web platform than mobile App and having this feature could make Dhan stand in line with it’s competitors like Zerodha or Groww who already have this features.

1 Like