When will the running account amount be settled?
If you have opted for Monthly settlement, running account shall be settled on first Friday of each month.
If you have opted for Quarterly settlement, it will be settled on the first Friday of every Quarter.
If the first Friday is a trading holiday, then such settlement shall happen on the previous trading day.
If you have not traded for a span of 30 days, then payout will be processed in the next 3 days.
Related Articles
How running account amount is calculated before releasing the final payout?
In case you have any open position on first Friday of the Month / Quarter on which settlement of running account of funds is scheduled, IIFL may retain funds calculated in the manner specified below: Outstanding pay-in obligation/Debit balance at the ...
Will the running account amount be settled if I have open positions?
If you have an open position in the derivatives segment, then the date of contract expiry or the date on which position is closed may be treated as the last transaction date, for the purpose of computing 30 calendar days for returning the credit ...
How will I get the redemption amount?
The redemption amount will be credited to the bank account of the customer as per settlement cycle. For Liquid Funds - T+1 working days. For Non Liquid Funds- T + 2 working days. For International Fund - T+5 working days.
How will I get the redemption amount?
The redemption amount will be credited to the bank account of the customer as per settlement cycle. For Liquid Funds - T+1 working days. For Non Liquid Funds- T + 2 working days. For International Fund - T+5 working days.
In which bank account will I receive the Mutual fund redemption amount?
While placing a redemption order you have to fill the necessary units for redemption and then there is a drop down to select a bank account in which you will receive the redemption amount. If not selected then funds will be transferred to the default ...