Instant Redemption Adds Lustre to MFs
Two mutual fund (MF) companies are offering the option of instant redemption credited to your savings account within minutes. The idea is to make the liquid/ultra short-term (UST) MF scheme to work like a savings account, with money being accessible immediately. 
It is certainly an innovation, considering that it normally takes 18 to 24 hours to have the money credited to your savings account,...
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