To redeem mutual funds in Angel One, log in to your Angel One app, select the mutual fund you want to redeem, enter the amount, and confirm your request with an OTP. The money will be credited to your registered bank account within 2-3 business days.

How to Redeem Mutual Funds in Angel One?

Redeeming mutual funds in Angel One is simple and quick. First, log in to your Angel One app and go to the ‘Portfolio’ section to see your mutual fund investments. Choose the fund you want to redeem, then click on the options menu and select 'Withdraw'. Enter the amount you want to redeem – you can redeem partially or fully. Next, enter your Transaction PIN (TPIN) and verify with the OTP sent to your registered mobile number or email. Finally, confirm the request. The redemption amount will be credited to your registered bank account in 2 to 3 business days.

What Is the Cutoff Time for Mutual Fund Redemption?

The time you place your redemption request affects the Net Asset Value (NAV) used for the transaction. If you redeem before 3 PM on a business day, you get that day’s NAV. If you redeem after 3 PM, the next business day’s NAV will apply. Keep this in mind to plan your redemption effectively.

How Long Does It Take to Receive Redemption Amount?

After you confirm your redemption request, Angel One processes it and sends the proceeds to your registered bank account. Usually, it takes about 2 to 3 business days for the money to reflect in your bank account. This time frame depends on the mutual fund company and your bank’s processing speed.

Are There Any Charges or Exit Loads When Redeeming?

Some mutual funds may charge an exit load if you redeem your units before a specified lock-in period. This means you might have to pay a small fee deducted from your redemption amount. Always check the terms of your specific mutual fund before redeeming to avoid surprises. Angel One provides clear details on exit loads for each fund in the app.

How to Ensure Your Bank Details Are Updated for Redemption?

To receive your redemption amount without delay, make sure your bank account details are correct and updated in your Angel One profile. You can verify and update your bank account information in the app under the ‘Profile’ or ‘Bank Details’ section. This helps avoid any payment failures or delays.

Can I Redeem Mutual Funds Partially or Only Fully?

Angel One allows you to redeem mutual funds both partially and fully. If you want some money now but want to keep some units invested, you can enter a partial redemption amount. If you want to exit the investment completely, select full redemption. This flexibility helps you manage your money according to your needs.