How quickly can Mutual Fund units be redeemed?

Mutual funds are preferred by many investors as money comes back quickly into their bank accounts when units are redeemed. 
Let's understand how you can redeem your mutual fund units. 

What is the procedure for redemption of mutual fund units? 

If you wish to redeem units of a mutual fund scheme, you may do so on any business day. To do it physically, you need to fill in a transaction slip, which you can download from the fund house website or detach from the end of your account statement. 
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