This topic describes the information about Redeem Mutual Funds.

Mutual Funds (MFs) can be redeemed or sold any time by the investors. Open ended funds usually can be sold at any point of time compared to closed ended funds that have a fixed investment period.

Customers can specify any of the following for redeeming the funds:

• Whether the redemption is for a specific number of units & if so the number of units to be redeemed (or)
• Whether the redemption is for all units currently held ( the user can view the balance units held) (or)
• Whether the redemption is for a specific amount & if so the amount to be redeemed (or)
• Whether the order is for a systematic withdrawal plan.

Pre-requisites

• Transaction access is provided to the Retail User.

Features Supported In Application

The module supports the following features:

• Search Funds to be Redeemed
• Search Funds to Redeem - SWP

Navigation Path:

Perform one of the following navigation to access the Redeem Mutual Funds screen.

• From the Dashboard, click Toggle menu, and then click Menu. From the Menu, then click Financial Management , and click Wealth Management . Under Wealth Management , and then click Place Orders, click Redeem Mutual Funds.
• On the Dashboard, click Overview widget, click Mutual Funds , click Investments Account kebab menu, then click Redeem Mutual Funds.
• Access through kebab menu of the Place Orders transactions.

The Redeem Mutual Funds screen appears.

• Search Funds to Redeem
  This topic describes the systematic instruction to Search Funds to Redeem. The user can search the mutual funds from the specific account to redeem with this option..