How to Redeem Mutual Funds on Fyers Direct – Step-by-step Guide

How to redeem mutual funds in Fyers Direct?

Redeeming mutual funds on Fyers Direct is a straightforward process. Follow these steps to ensure a smooth redemption:
  1. Navigate to the dashboard and select either holdings or SIP.
  2. Click on the redeem option. An option to 'Authorize holdings' will appear.
  3. Tick the checkbox corresponding to the scrips you wish to redeem.
  4. Enter the quantities you're authorising through E-DIS (Electronic Delivery Instruction Slip).
  5. Click on 'Authorize {1} Scrips', followed by 'Yes'. This will lead to a CDSL (Central Depository Services Limited) authorization page popping up.
  6. If you're unaware of your TPIN, click on "Forgot CDSL TPIN". A new TPIN will be sent to your registered email ID and mobile number by CDSL.
  7. On the CDSL page, click on "Submit". Complete the two-factor authentication by inputting the TPIN and the subsequent OTP.
  8. Enter the TPIN once more and click on "Verify".
  9. Upon successful authorization, a confirmation message reading 'eDIS transaction done successfully' will be displayed.
  10. Now, you can close the window and proceed to place your sell orders.

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