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Many liquid and overnight mutual fund schemes give back your money within a few seconds, if they offer the Instant Access Facility or Instant Redemption facility. This helps if you need urgent cash and it’s a weekend or a public holiday. This facility is only available with liquid and overnight mutual fund schemes, as per SEBI rules
Speaking about the launch of the Instant Access Facility, Neil Parag Parikh, Chairman and CEO of PPFAS Asset Management, said, "At PPFAS AMC, we are committed to providing our investors with the best possible investment experience. The Instant Access Facility is a step in that direction, providing investors greater flexibility and convenience in managing their investments. Currently, the IAF shall be available on the PPFAS SelfInvest Website. Subsequently, the AMC may offer the same through other electronic/digital platforms."