When will I receive the money after I withdraw my investment on PhonePe?

Your portfolio will get updated in 1 to 2 working days. However, the time taken for the money to get added to your account after withdrawal differs for different mutual funds. Please refer to the below table:

Fund Category

Time taken for
withdrawal approval

Time in which money gets credited
to bank account after approval

Super Funds 1 to 2 working days 3 to 4 working days
Equity Funds including Tax Saving Funds and Hybrid Funds 1 to 2 working days 2 to 3 working days
Debt Funds 1 to 2 working days 1 to 2 working days