Selling mutual fund and buying stock same day

[bhartesh]

Hello all
If i have mutual fund in my zerodha account and i sell my holding can i buy the share at the same time with the cash? Suppose i have microcap index fund and want to sell index fund on 2 jan just before market close and want to buy nifty etf at the same time on 2 jan is it possible
Thank in advance

 

[Vmaster369]

idk i think they might allow 80% money margin ..
For case of share they allow that

99% will not allow . may be next day u get to margin of MF sold

As per the scheme's settlement time, once ICCL processes the payout, it will be credited to the primary bank account linked with Zerodha within 24 hours, depending on the bank. To know the redemption time,
So yeah they wont allow that instant buy
https://support.zerodha.com/categor.../how-do-i-redeem-my-mutual-fund-units-on-coin