In order to redeem funds through offline mode, the unit holder needs to submit a duly signed Redemption Request form to the AMC's or the Registrar’s designated office. In the redemption form one needs to fill in details like unit holder’s name, folio number, scheme name including the plan details, and number of units to redeemed (or the redemption amount desired). In addition, all the holders have to sign the Redemption form. The proceeds from the redemption will be credited to the registered bank account of the first named unit holder.
Redemption of Units - online
Mutual funds can also be purchased and redeemed online a mutual fund’s website.
You simply have to log-on to the ‘Online Transaction’ page of the desired Mutual Fund and log-in using your Folio Number and/or the PAN, select the Scheme and the number of units (or the amount) you wish to redeem and confirm your transaction.
In addition, central service providers like CAMS (Computer Age Management Services Pvt. Ltd.), Karvy, etc. offer the option of redeeming mutual fund bought from several AMCs. You can download the form online or visit the nearest office. Please note that these agencies might not service all the AMCs.
