How do I redeem a mutual fund from the Holdings section?
You can redeem your mutual fund units directly from the FYERS Holdings section. The process is simple, and redemption proceeds are credited to your linked bank account after the applicable settlement timeline.
Steps to Redeem Mutual Fund Units
- Go to Portfolio → Holdings → Mutual Funds.
- Locate the mutual fund you want to redeem.
- Click on the fund card to expand the details.
- Click the Redeem button.
- Enter the number of units you wish to redeem (full or partial).
- Review the confirmation screen and click Confirm.
Once confirmed, your redemption request is processed and sent to the respective AMC (Asset Management Company). The units will be debited, and funds credited to your account as per the fund's settlement cycle (typically T+1 or T+3 days).
What If:
| Scenario | What to Do |
|---|
| I don’t see the Redeem button | Make sure you're on the Mutual Funds tab and the fund is eligible for redemption. |
| I redeemed today but value still shows | It will remain visible until the AMC processes the redemption and units are debited. |
| I want to redeem all my units | Enter full quantity or use the ‘Redeem All’ option (if available). |
| Amount not credited yet | Check expected settlement time in the AMC's factsheet or fund card. |
Tip: Mutual fund redemption timelines vary by fund type. Liquid and overnight funds settle faster (T+1), while others may take up to T+3.
Last updated: 13 Jun 2025
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