How To Sell Mutual Funds in Zerodha Coin?

Finance Guru Speaks: This article will guide you on how to Sell Mutual Funds in Zerodha Coin.

How To Sell Mutual Funds in Zerodha Coin

As per the Website- Zerodha Coin is India's largest direct mutual fund platform that lets you buy/sell direct mutual funds online with no commission passback, directly from asset management companies.

Zerodha, as a Trading and Demat Account, has gained very wide popularity because of very low-cost trading and ease of use. If you don't have the Zerodha account, then you can open it through this LINK. It is very easy to open a Demat Account in Zerodha.

Steps to Sell Mutual Funds in Zerodha Coin:-

In my previous article (link), I have shared the Steps to Buy Direct Mutual Funds in Zerodha Coin. So I assume that you have already purchased Mutual Fund units in your Zerodha Coin account.

1. Login to Coin by Website or Mobile App. In this article, we have sold Mutual Funds via Coin Android App through Smartphone.

How To Sell Mutual Funds in Zerodha Coin

2. On the Home Page, go to the Investments section & click on the Fund Name to sell your desired Mutual Fund, as shown below.

In this article, we are selling ICICI Prudential Liquid Fund. The steps mentioned can be applicable for other Mutual funds as well:-

click to enlarge - How To Sell Mutual Funds in Zerodha Coin

3. On the Next Screen, click on 3 dots as shown below:- 

click to enlarge - How To Sell Mutual Funds in Zerodha Coin

4. Now, click on the Redeem button:-

click to enlarge - How To Sell Mutual Funds in Zerodha Coin

5. On the Next Screen, enter the Mutual Funds Units to be Redeemed (E.g. 200) and click on the Redeem button:-

click to enlarge - How To Sell Mutual Funds in Zerodha Coin

6. Again click on the Redeem button:-

click to enlarge - How To Sell Mutual Funds in Zerodha Coin

7. You have to complete this redemption by authorizing it via CDSL (your Demat depository). Click on Continue button:-

click to enlarge - How To Sell Mutual Funds in Zerodha Coin

8. On the Next Screen, click on Continue to CDSL button:-

How To Buy Direct Mutual Funds in Zerodha Coin?

Finance Guru Speaks: This article will guide you on how to Buy Mutual Funds in Zerodha Coin.

How To Buy Mutual Funds in Zerodha Coin

As per the Website- Zerodha Coin is India's largest direct mutual fund platform that lets you buy direct mutual funds online with no commission passback, directly from asset management companies.

Zerodha, as a Trading and Demat Account, has gained very wide popularity because of very low-cost trading and ease of use. If you don't have the Zerodha account, then you can open it through this LINK. It is very easy to open a Demat Account in Zerodha.

Steps to Buy Mutual Funds in Zerodha Coin:-

1. Login to Coin by Website or Mobile App. In this article, we have purchased Mutual Funds via Coin Android App through Smartphone.

How To Buy Mutual Funds in Zerodha Coin

2. On the Home Page, go to the Explore Section to search your desired Mutual Fund to be purchased, as shown below:-

Click to enlarge - How To Buy Mutual Funds in Zerodha Coin

3. On the Next Screen, start typing the Mutual Fund name. As an example, we are buying Axis Liquid Fund - Growth option - Direct Plan. The steps mentioned can be applied to all other Mutual Funds as well.

Click on the Fund Name as shown below:-

Click to enlarge - How To Buy Mutual Funds in Zerodha Coin

4. On the Next Screen, click on the Buy button:-

Click to enlarge - How To Buy Mutual Funds in Zerodha Coin

5. On the Next Screen, enter your investment amount in the multiple of INR500 (Example - 10000, 5500, etc.) and again click on the Buy button:-

How To Online Stop or Cancel SIP In L&T Mutual Fund?

Finance Guru Speaks: This article will provide information on how you can Stop or Cancel your SIP in L&T Mutual Fund.

If you are an existing L&T Mutual Fund investor, then, first of all, get registered to L&T Mutual Fund website. You can follow the options mentioned here.

In this article, we will provide steps for Online SIP Cancellation of L&T Midcap Fund using the existing investor's User ID and Password. However, you may select any other Mutual fund from this fund house, steps will remain the same.

Steps to follow to online Cancel or Stop SIP in L&T Mutual Fund:-

1. Open L&T Mutual Fund website and provide your User ID and Password along with required mathematical figure (E.g. 5-2=3) and click on Login button.:-

L&T Mutual Fund Login Page

2. On the Next page, Click on Your Systematic Plans -> SIP as shown below:-

(Click to enlarge) L&T Mutual Fund - Cancel SIP

3. Click on Active link against your selected Mutual Fund, as shown below:-

(Click to enlarge) L&T Mutual Fund - Cancel SIP

4. Review all the details and click on Proceed for Cancellation button:-

(Click to enlarge) L&T Mutual Fund - Cancel SIP

Congratulations on your successful Online SIP Cancellation of L&T Mutual Fund. 😊

(Click to enlarge) L&T Mutual Fund - Cancel SIP

Images Courtesy: L&T Mutual Fund Website

Also read:

More Articles on Mutual Funds

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How To Start Online SIP In L&T Mutual Fund?

Finance Guru Speaks: This article will guide you on how you can start your online SIP in L&T Mutual Fund.

If you are an existing L&T Mutual Fund investor, then first of all get registered to its L&T Mutual Fund website. You can follow the options mentioned here.

In this article, we will provide steps for Online SIP registration of L&T Midcap Fund Direct Plan using the existing investor's User ID and Password. However, you may select any other Mutual fund from this fund house, steps will remain the same.

Steps to follow to start online SIP in L&T Mutual Fund:-

1. Open L&T Mutual Fund website and provide your User ID and Password along with the required mathematical figure (E.g. 5-2=3) and click on Login button.:-

L&T Mutual Fund Login Page

2. On the Next page, Please enter the OTP sent to the Email ID and Mobile No. registered against the user and Click on Submit button.

3. Under Transact, select L&T Midcap Fund (or select New scheme incase this is not your existing fund) and click on SIP button as shown below:-

L&T Mutual Fund - Start Online SIP

4. For the Mutual Fund Scheme as L&T Midcap Fund, provide details like SIP Amount, SIP Date, SIP Period, etc. Don't forget to select Broker as Direct. Accept T&C's and Click Proceed for Confirmation button:-

L&T Mutual Fund - Start Online SIP

L&T Mutual Fund - Start Online SIP

5. On the Next page, check the SIP Summary and Click on Proceed for Payment button:-

L&T Mutual Fund - Start Online SIP

6. On the Next page, select Payment Mode (E.g. Internet Banking, UPI, etc.) and Click on Continue button:-

L&T Mutual Fund - Start Online SIP

7. On the Next page, SIP Registration Number (SRN) will be generated. Login to your Bank account and add this as a Biller to register for SIP deductions.

L&T Mutual Fund - Start Online SIP

Congratulations on your successful Online Direct SIP registration of L&T Mutual Fund :-)

Note: If you have any issues in adding this SIP in your Bank as Biller then let us know. Incase you are trying to deduct the SIP amount from Kotak Mahindra Bank, HDFC Bank, or Axis Bank, then you can follow the below articles on how to register for Mutual Fund SIP deductions from Internet Banking.

 How To Online Invest In Mutual Fund SIP Using HDFC Net Banking?

 6 Easy Steps To Register Mutual Funds SIP In Kotak Mahindra Bank

How To Register Mutual Funds SIP Auto-Payment In Axis Bank?

Images Courtesy: L&T Mutual Fund

Also read:

 More Articles on Mutual Funds
 More Articles on SIP