How to redeem Mutual Fund units ?

How to redeem Mutual Fund units ?

You can follow the below mentioned process to redeem your mutual funds:

Through Web Portal-

Click on the “Online Transaction” option available in the left menu.
Click on “Redeem”.
Enter the required details and click on “Submit”.

Through the IIFL Markets mobile app-

Log in to the IIFL Markets App.
Click on the three lines in the top left corner >> Mutual Funds
Click on the “Transaction” option in the bottom menu.
Click on “Redeem”.
Enter the required details and click on “Submit”.

Note: Redemption Payout will be applicable as per the market closing NAV of the order date (working day) as per the cutoff time and not the previous day's NAV reflecting on the portal.

Please ensure that your DDPI (Demat Debit and Pledge Instructions) is updated in your account to enable smooth mutual fund redemption.


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