Can the proceeds from the sale of mutual funds be received immediately?

There are procedures and processes that must be followed for fund disbursement. Investment funds in mutual funds are no longer in the form of cash that can be withdrawn at any time. These funds have been stored in the form of assets such as stocks, bonds, or deposits that have previously been purchased and managed by the Investment Manager.

So when you sell mutual funds, the proceeds will not immediately go into your account instantly. The Investment Manager needs to sell the stocks/Bonds/Deposits that have been purchased, then recap how much mutual fund sales on that day. Then the sales results will be recorded by the Custodian Bank. After all the recapitulation processes are complete, the sales results can be transferred to the investor's account. This process takes time, and cannot be completed in one day.

Referring to OJK regulations, the time limit for the fund disbursement process is a maximum of 7 working days (Saturday, Sunday, national holidays and joint leave as determined by the Government) since the sales order is received by the Investment Manager or submitted. This is in line with OJK regulations with regulation number 23/POJK.04/2016 article 24, more details can be read here:POJK on Mutual Funds in the Form of Collective Investment Contracts