Can I withdraw my money anytime from a mutual fund?

Yes, you can withdraw your money from mutual funds, but it depends on the type of fund. Open-ended mutual funds allow withdrawals at any time, while close-ended funds have a fixed maturity period. Most open-ended mutual funds allow withdrawals (also known as redemptions) at any time. For equity mutual funds, it generally takes 1-3 business days to process the withdrawal, while debt funds may take up to 1-2 business days. However, some funds may have exit loads (charges on early withdrawal) and there are tax implications also. It’s important to check the fund’s terms before redeeming.