Refund Policy

As per our Scheme Information Document (SID), we do not allow any refunds/cancellations.

Refunds will only be processed in case of failed transactions. Typically, if a payment transaction for a purchase fails but the money is debited, a refund of the full amount is sent back to the original bank account within a few business days.

Once the units are allotted, the unit holder is requested to redeem their units with the applicable NAV.

Types of "Refund" Scenarios

Failed Transactions (Money Debited, Investment Not Completed):

If your bank account is debited but the transaction fails due to a banking issue, payment gateway error, or other technical fault, the amount is typically refunded within a few business days. Refunds are always credited back to the same bank account or payment mode used for the initial transaction.

Redemption (Selling Your Units):

When you choose to sell your mutual fund units (which is technically a "redemption"), the process and timing depend on the fund type.

• Liquid Funds/Debt Funds: Payouts are generally credited in one business day (T+1).
• Equity: Payouts are usually credited within two business days (T+2).

Erroneous Deductions:

In the rare event of incorrect debits where no units are allotted, the amount is refunded after reconciliation, often within 3 business days.