Note: You can place a redemption order only once the units are updated in your portfolio i.e. after T+ N working days.

 

Redemption Steps:

 

In order to redeem your investment, you have to place a redemption request by following these steps:

 

 Step 1: Login to the Upstox app using your 6-digit PIN or biometrics.

 

 Step 2: Go to the ‘Discover' tab from the bottom navigation bar and click on 'Mutual Funds -  Your Portfolio' 

 

Step 3: Once you click on ‘Your Portfolio’ you will be redirected to upstox.com page where under MF portfolio you need to   click on ‘View Investments’.

 

 Step 4: Here you will see your investments which might be in Profit/Loss with Investment amount and current value.

 Step 5: Click on the fund name you wish to redeem and then click on ‘Redeem funds’.

 

Step 6: Fill the number of units to redeem and click ‘Next’

 

Step 7: 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 8: Enter the TPIN.

 Step 9: Then verify the transaction by entering the OTP received on your registered mobile number and email id.

 

 Step 10: After approving the transaction on the CDSL page you have to click 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 after closing the CDSL tab.

 

Note: If you are using the Upstox web portal or mobile browser post approving the transaction of the CDSL page you need to return to the Upstox page after closing the CDSL tab.

 

Step 11: Once you are back on the Upstox MF page then click on the ‘Redeem Funds’ button for confirming the order   placement. Check the number of units you wish to redeem and click on the ‘Redeem Units;.

 

You will see a confirmation message as MF redemption is successful.

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 the 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.


To watch How to redeem mutual fund investments on Upstox, see the video below: 


Withdrawal Steps:

Click here to understand how you can withdraw funds from our trading platform