What does T+1 settlement for stocks and T+2 redemption payment cycle for equity mutual funds mean

In this episode of Why Not Mint Money, Mint’s Maulik speaks with Mohit Mehra, Head of IPOs, Zerodha on T+1 settlement for stocks, and with Vishal Dhawan, Founder & CEO, Plan Ahead Wealth Advisors on T+2 redemption payment cycle for mutual funds.