An ideal investment is the one that offers you a way out if you are not satisfied with it. A mutual fund is one such instrument that offers a well-defined exit policy, and the decision is left to the investor.. In this blog, we shall cover the redemption of funds, the situation when you can consider redeeming, followed using redemption and checks before redemption. I have SBI Mutual fund for my two children. I am paying IRS 2000 each child and I started in 2011 August. S0 now the amount is going to be IRS 84000 in August. I want to redeem this mutual fund can you tell me how much will I get when I redeem. Thanks. When you redeem your mutual fund, you will typically receive your unit’s funds within 1 to 5 working days. If you redeem a debt-related fund or a liquid fund, you will get your money within 1 to 2 working days. On the other hand, when you redeem an equity mutual fund, you will get your amount within 4 to 5 working days.