Can i redeem mutual fund online

Is investing in Mutual Funds online safe and secure? Yes No. Didn't receive the OTP? Resend OTP or Change number. It's good to stay updated with NAV alerts, but if you wish to unsubscribe, we are happy to help you. Back to Module 2. Charges: Ensure that check with the website about applicable charges, if any for redemption of units.

See Topics. Previous Topic. Name Please enter valid name. The process can take up to 5 days for getting the amount credited into your bank account. This will depend on how you are applying for redemption. In case you have invested in the mutual fund directly from the AMC , then you can approach the concerned AMC directly by submitting redemption request online or by visiting their local office. The redemption may take a day or two and the redemption amount will be directly credited to your specified bank account via NEFT or you may receive the cheque at your postal address.

If you have used your demat account for investing in the mutual fund, then you can initiate the redemption from your demat account itself. Just select the redemption option and submit the request form. If you have invested through an online mutual fund investment website, then you simply have to log-in to your account. Select the fund, indicate the number of units to redeem and click the redemption option to submit the redemption request online.

The online platform will further process the redemption request and the money will automatically get credited in your bank account. If you have your folio number or have invested through a registrar like Karvy and CAMS then you can redeem through them.

For redeeming online you need to log into your account and opt for redemption by selecting the redemption option. Otherwise, you can use an offline mode, where you need to download the redemption request form and submit at the nearest office. This is a bit old fashioned, time-consuming, lengthy way to redeem.

The whole process requires a lot of following up with your agent. The process involves calling your mutual fund agent or distributor and submitting the redemption request form physically. Later, the agent completes all the necessary formalities to redeem the mutual fund investment.

If you have invested through Scripbox, then you can redeem your mutual fund investment in a hassle-free way by using your account. Scripbox provides a flexible option to redeem instantly or schedule a redemption for a later date. Once you withdraw your mutual funds you will have to pay an exit load and the income tax. The income tax depends on the type of fund and the duration of holding the funds. The STCG is taxable at the slab rate applicable to the investor. Both investment and exit are important decisions impacting your life goals and financial condition and thus it requires proper evaluation.

You should go for redemption only when you have achieved your investment objective or there is a drastic change in the portfolio.

Updated on : Oct 05, - PM. Mutual fund redemption is a way to make a graceful exit. If you feel like exiting the mutual fund scheme, then you can redeem the units you hold.

We have covered the following in this article:. Mutual fund redemption is how the investors sell their fund units. However, if there is an exit load, then the investors necessarily pay it on redeeming their units. When investors redeem their units, they earn taxable capital gains. The taxability of capital gains depends on the type of fund and the period of holding. Here, investors should mandatorily consider all the expenses that they would incur on redeeming their units. In some cases, it could also be a short-term goal, such as buying a car or an appliance.

Once the reason for redemption is apparent and finalised, then you can redeem your mutual fund units through any of the following methods.

If you have invested in a mutual fund directly with the asset management company AMC , then you can redeem using their online portal. You can choose to sell some units or all, as per your requirement. One can also redeem units offline by visiting the AMC office. After your request is processed, you will receive the redemption amount via NEFT or through a cheque sent to the registered address.

Usually, the online mode is much faster, in which the amount gets credited in a day or two. If you had bought the mutual funds through Demat account or trading account, then you will have to redeem your units through the same account.