Finance Guru Speaks: This article will guide on how you can Online Sell or Redeem your Reliance Tax Saver (ELSS) Fund units. The same steps can be applied to sell any other Reliance Mutual Fund.
It is better to register yourself to the Reliance MF website in order to perform online transactions like Purchase, Redeem etc. As shown below, you can click on REGISTER link to get yourself registered to this fund house, provided you are an existing Reliance MF investor, KYC complied and have your Mobile No. and Email ID correctly registered in the fund house.
Steps to follow to Online Redeem or Sell Reliance Mutual Fund Units :-
1. Open Reliance Mutual Fund home page after clicking here
2. As shown, click on LOGIN link :-
|Reliance Mutual Fund|
3. If you already have Username and Password, then click on LOGIN as shown in the EXISTING INVESTOR section :-
|Reliance Mutual Fund Login Page|
NOTE 1: If you don't have Username for Online Transaction but you are an existing offline investor, then follow the steps to generate the Username as provided in CREATE USERNAME section, as shown above.
NOTE 2: If you are the first time investor to Reliance Mutual Fund and want to invest Online, then follow the steps after providing your KYC Complied PAN Card No. in the INVEST WITHOUT LOGIN / FIRST TIME INVESTOR section, as shown above.
4. In the Home Page, Click on + sign against your Folio No. which you want to Sell or Redeem, as shown below :-
|Click to enlarge - Reliance Mutual Fund Existing Folio|
5. Under Action, Click on Redeem option as shown below :-
|Click to enlarge - Reliance Mutual Fund Existing Folio Redemption|
6. In the Next Page, provide the Redeem Details like Amount or Units to Redeem and select your registered Bank for redemption. Here, either you can Transact using PIN (if you already have a PIN No.) or can use OTP option (if your Mobile No. is registered in the Folio, a One Time Password will be send through SMS which you need to provide when prompted). Here, we are using TRANSACT USING IPIN option :-
|Click to enlarge - Reliance Mutual Fund Redemption Details|
7. Provide the correct PIN when prompted and click on Submit. Once the PIN is successfully verified against the Folio, your Redemption will become successful :-
|Click to enlarge - Reliance Mutual Fund Redemption Successful|
Congratulations on your successful Online Redemption of Reliance Mutual Fund :-)
The Mutual Fund amount will be directly credited to your Registered Bank Account.
Images Courtesy: Reliance Mutual Fund Website
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