For mutual funds purchased online, redemption can be done online too. All you need to do is login to the AMC / broker / portal through which you had purchased the units, select the fund and the number of units that you wish to redeem and confirm your request. That’s it. You redemption request is on the way.
Some points to remember:
The Net Asset Value (NAV) of every mutual fund is calculated at the close of each trading day. However, for redemption requests a particular day’s NAV will be applicable only for requests received up to 3 p.m. that day.
It can take up to three working days for the funds to reach your registered bank account after receipt and verification of your redemption request
Open ended funds can be redeemed anytime while close ended funds can be redeemed on maturity of the fund. Also, funds with a lock-in period (like ELSS) cannot be redeemed within the lock-in time frame.
Ensure that check with the website about applicable charges, if any for redemption of units.
How easy is it to redeem my invested money?