How do I redeem a mutual fund from the Holdings section?

You can redeem mutual fund units directly through the FYERS platforms—either on the FYERS. Redemption proceeds are credited to your linked bank account as per the mutual fund’s settlement timeline.

Steps to Redeem Mutual Funds on FYERS App

Open the FYERS App and go to Portfolio.
Tap on the Holdings tab.
Select the Mutual funds tab.
Tap the mutual fund you want to redeem. You’ll see performance and investment details.
Tap the Redeem button at the bottom.
In the redemption screen:
- Enter the amount or units to redeem, or
- Select Redeem all (if the redeemable amount is ₹100 or more).
Review the Base NAV, Applicable NAV, and Completion timeline.
Tap Redeem to confirm.

Funds under lock-in (e.g., ELSS) will show “Authorised to sell: 0” and the redeem button will be disabled.

Steps to Redeem Mutual Funds on FYERS Web

Log in to FYERS Web and go to Portfolio → Holdings → Mutual Funds.
Locate the fund you want to redeem from the list.
Click on the fund to expand its details panel on the right.
Click Redeem (orange button in the lower right).
In the redemption window:
- Enter the amount or units to redeem, or
- Use Redeem all if available.
Check the Base NAV, Applicable NAV, and expected Completion date.
Click Redeem to place the order.

Redemption is allowed only if the fund has “Authorised to sell” units greater than zero.

When Will I Get My Money?

Once the redemption order is placed, it’s forwarded to the AMC (Asset Management Company). The units are debited, and funds are credited to your bank account within the fund’s settlement cycle:

Liquid Funds: T + 1 working day
Debt Funds: T + 2 working days
Equity Funds: T + 3 working days
International Funds: T + 5 working days

You can track the applicable NAV and settlement details on the redemption screen.

What If...

Scenario	What to Do
I don’t see the Redeem button	Check if the fund is under lock-in (e.g., ELSS) or if your redeemable amount is less than ₹100.
Redeem button is disabled	Redemption is not allowed for locked-in units. Wait for the lock-in period to end.
I redeemed, but the fund still shows in my holdings	Units will remain until the AMC processes the redemption. This may take T+1 to T+3 days.
I want to redeem all units	Use the “Redeem all” checkbox (if amount ≥ ₹100).
Funds not received yet	Check the Base NAV and Applicable NAV date shown during order placement.

You can only redeem units marked as "Available for authorisation". For ELSS funds, you must wait for the 3-year lock-in to end before redeeming.

Last updated: 28 Aug 2025