It depends on the specific mutual fund. Please refer to each fund’s “Redemption Settlement Days.” Generally, number of days depends on the asset type, as shown below:
|Money Market||1 Day|
|Bond, Balanced and Equity||1-5 Days|
Allow us till end of day to credit your Buying Power.
To check the redemption settlement of a specific fund, please refer to the following instructions:
1. Open your FirstMetroSec New or FirstMetroSec PRO.
2. Go to Funds > Fundsmart > Fee Structure
3. Redemption Settlement has a column name "RED STLMT"