About mutual fund

My sbi magnum children mf got rejected because I’m not a minor so when will my amount gets credited back to my account?

Hi Aadesh,

I just checked your account and can see that your transaction was rejected on the 4th of April by the MF company.

This is because 2nd of April was a non working day for AMC on account of it being a weekend.

In such cases the MF company will automatically process the refund and get it credited to your bank account in upto 7 to 10 working days from the date of rejection (i.e. 4th April 2022).

If you don’t receive the refund in this timeframe, you can reach out to us at investments@goniyo.com with the bank statement in pdf format with the transaction details from the 2nd of April till the latest date.

We will then surely follow up with the MF company on your behalf.

This topic was automatically closed 5 days after the last reply. New replies are no longer allowed.