Note: Kindly place a redemption order only once the units are updated in your portfolio i.e. after T+3 working days.
In order to redeem your investment, you have to place a redemption request by following the below-given steps:
Step 1: Log in to the MF portal https://upstox.com/mutual-funds/login and click on Portfolio and select the scheme name for which you want to place a redemption order from the View Investment section.
Step 2: Click on the Redeem Funds button placed at the bottom of the sliding page.
Step 3: Enter the number of units you wish to redeem and click on the Next button.
Step 4: You will be redirected to the CDSL page for authorizing the sale transaction by entering the TPIN. Over here you can either generate a fresh TPIN or if you already have the TPIN then you can reuse it.
Step 5: After approving the transaction of the CDSL page you have to click twice the back button on our mobile device in order to return back to the Upstox page. If you are using the Upstox web portal, post approving the transaction of the CDSL page you need to return on the Upstox page but without closing the CDSL tab.
Step 6: Once you are back on the Upstox MF page then click on the Redeem Units button for confirming the order placement. Check the number of units you wish to redeem and click on the Redeem units.
Note: The order settlement time after redemption varies per mutual scheme & it isn’t the same for all mutual funds. Order will be updated in T+N (N refers to a number of days after redemption as per Mutual Fund scheme) working days and accordingly, the amount will be credited in T+N working days in the trading account. Once the order is completed you can place the withdrawal request.
You can withdraw funds from our trading platform through the steps in the below article:-