n NISM Certifications
VII NISM Series VII
Medium

In the Stock Exchange Mutual Fund (MF) platform, on which day is the securities pay-in of mutual fund units for redemption done?

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    T+3

  2. B

    T+0

  3. C

    T+2

  4. T+1

    Correct answer

Why this is the answer

On exchange MF platforms (e.g., NSE MFSS, BSE StAR MF), the securities pay-in for mutual fund unit redemptions takes place on T+1 day, i.e., the next business day after the redemption order is placed.

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NISM Series VII Mock Test 2