Do mutual fund companies have minimum requirements for withdrawals?
Mutual fund companies do have minimum requirements for withdrawals.
- You must withdraw at least Rs 1,000 when withdrawing by amount OR
- You must withdraw at least 50 units when withdrawing by units, unless you withdraw all units
For Portfolio Scan, Scripbox creates a withdraw instruction by units for only the long-term units you have, and therefore the units limit applies. These are some of the complexities that Scripbox takes care of for you behind the scenes.
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