You can generally sell or redeem your shares in an open-end mutual fund at any time on any business day when the stock market is officially open. Once your sell order is executed, the proceeds are typically transferred to your brokerage account or bank within one to two business days. However, depending on the fund type, early redemption fees, or whether shares are held in tax-advantaged retirement accounts, early withdrawals may trigger capital gains taxes or early withdrawal penalties.
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