You cannot sell fractional units of Liquidbees on the secondary markets. You will have to make an off-market transfer to Nippon India Mutual Fund. Here’s how you can do this:
- Investors who hold fractional units in their demat accounts should transfer the fractional units by submitting an off-market Delivery Instruction Slip (DIS) duly filled and signed to their respective Depository Participant directly.
- The DP will execute the transfer of fractional units from the unit holder’s demat account to the demat account of the scheme.
- The Registrar/ AMC then tracks the units received in the target account and once received, the fractional units will be considered for redemption as on the date of receipt.
- The Registrar/ AMC will obtain the bank account details of the Unit holder from the Depository and the redemption amount for the fractional Units will be paid/ credited to the bank account of the Unit holder.
Note: An off market transaction is settled directly between two Demat Account Holders without using a broker or a Clearing Corporation/ Clearing House.