How to redeem Mutual fund Units?

Modified on Fri, 9 Jan at 12:29 PM

Please follow the steps below to redeem your mutual fund units:

•    Log in to the m.Stock account and click on MF. 

•    Click on Orders > Select the scheme you wish to redeem. 

•    On the scheme details page, click redeem.

•    You will be redirected to the CDSL authorization page. Enter your T-PIN to authorize the redemption transaction. You may generate a new T-PIN or use your existing one.

Upon successful redemption, the proceeds will be credited to your linked bank account within T+3 working days.

Note: You can also activate DDPI for redemption of mutual funds without entering TPIN or OTP every time.  An exit load is a fee charged by Asset Management Companies (AMC) when investors redeem or exit their mutual fund units.  

Incase, the redemption order is successful then the DP sell transaction charge of Rs. 18/- per GST is applicable.

Settlement TAT after MF Redemption : 

Scheme Category     Settlement TAT     Cut-off timing 

Liquid/Overnight Funds     Within T+1 day     2:50 PM 

Debt, Equity, Hybrid funds     Within T+3 days     2:50 PM 

Overseas/International funds     Within T+10 days     2:50 PM 

Note: As per SEBI circular, redemption of the mutual funds amount will happen to your bank account directly. It will take up to T+3  working days for the amount to be credited after the redemption request is placed successfully. You will see a confirmation message as the redemption request is confirmed.