Yes, you can withdraw your money from most mutual funds anytime. However, some mutual fund schemes, like ELSS funds (Tax Saver Funds), have a lock-in period. For equity mutual funds, it generally takes 3 business days to process the withdrawal, while debt funds may take up to 1-2 business days. However, withdrawing before a specified period might incur exit load (depends on type of fund), which are fees charged by the mutual fund company. You may also have tax implications depending on the fund type and the holding period of the investment. It’s important to check the fund’s terms before redeeming.
