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.

    • Related Articles

    • What are Direct Mutual Funds on FYERS?

      When investing in mutual funds through FYERS, you'll notice the term Direct Mutual Funds. These funds offer the same portfolio as regular plans but without distributor commissions, often resulting in better returns over the long term. What are Direct ...

    • What charges apply for investing in mutual funds through FYERS?

      If you're investing in mutual funds via FYERS, you're benefiting from a cost-effective platform. Most actions, including purchasing, are free of charge. However, there is one specific fee applicable at the time of redemption. Here’s a breakdown of ...

    • Can I Buy Regular Mutual Funds in FYERS?

      Regular Mutual Funds are the funds bought by Mutual fund brokers, distributors & advisors. Currently, we are not catering to the services of Regular mutual funds. However, you can invest in Direct mutual funds through FYERS at Zero commissions. To ...

    • How can I invest in Mutual Funds with FYERS?

      You can invest in Direct Mutual Funds in our exclusive mutual fund platform of Fyers Direct at Zero Commissions. The investments can be in Lumpsum or Systematic Investment Plan (SIP). The procedure to Buy Mutual Funds is as follows: Login to Fyers ...

    • How to invest in Mutual Funds via NEFT/RTGS on Fyers Direct?

      Investing in mutual funds on Fyers Direct using NEFT/RTGS is a streamlined process designed to facilitate efficient fund mapping on the BSE StAR MF platform. Here is a step-by-step guide tailored for mutual fund distributors (MFDs) and their clients ...