UPDATED - How To Online Redeem or Sell Canara Robeco Mutual Fund?

Finance Guru Speaks:  This article will provide you *UPDATED* Steps on how you can Online Sell or Redeem Canara Robeco Emerging Equities Fund units. 

The steps mentioned in the old article How To Online Redeem or Sell Canara Robeco Mutual Fund? are no longer valid due to changes in the Mutual Fund website.

The mentioned Steps can be applied to sell any other Mutual Fund from this fund house.

New Steps to follow to Online Redeem or Sell Canara Robeco Mutual Fund Units:-

1. Open Canara Robeco Mutual Fund home page after clicking here

2. Provide your Username and Password and click on SIGN IN button. You need to authenticate using the OTP received on your registered Mobile & Email address:-

Canara Robeco Mutual Fund Login

3. On the Home Page, Click on Transact Here -> Redeem, as shown below. Declare that you are not a US or Canada Resident:-

How To Online Redeem or Sell Canara Robeco Mutual Fund

4.  Select the Folio No. and click on CONTINUE button:-

How To Online Redeem or Sell Canara Robeco Mutual Fund

5. Select Mutual Fund Scheme. In this article, we are selling Canara Robeco Emerging Equities Fund:-

How To Online Redeem or Sell Canara Robeco Mutual Fund

6. Select Redemption Type as "Amount in Rupees" and Enter the Redemption Amount and click on CONTINUE button:-

How To Online Redeem or Sell Canara Robeco Mutual Fund

7. Select your registered Bank where the Redeem Amount will be credited by the Mutual Fund House and click on REVIEW REDEMPTION button:-

How To Online Redeem or Sell Canara Robeco Mutual Fund

8. Review the Redemption details. Accept Terms & Conditions. Select the radio button of your registered EMail & Mobile No. to get the OTP for verifying this Redemption Transaction. 

How To Online Redeem or Sell Canara Robeco Mutual Fund

9. Once everything is done including OTP Verification, you can click on CONFIRM TRANSACTION button to complete this Redemption Transaction:-

How To Online Redeem or Sell Canara Robeco Mutual Fund

Congratulations on your successful Online Redemption of Canara Robeco Emerging Equities Mutual Fund.

The Mutual Fund amount will be directly credited to your Registered Bank Account.

Images Courtesy: Canara Robeco Mutual Fund Website

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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:-

HDFC Mutual Fund - 6 Easy Steps To Sell or Redeem and Withdraw Your Money

Finance Guru Speaks: This article will provide information on how you can Online Redeem or Sell and withdraw your Money from HDFC Mutual Fund.

In this article, we are showing steps to Sell HDFC Short Term Debt Fund. You may select any other Mutual fund scheme, steps will remain the same. Make sure to update your Email and Mobile correctly against your Folio No.

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

Steps to follow to online Sell or Redeem in HDFC Mutual Fund:-

1.  Open HDFC Mutual Fund website and click on Login via OTP link. Provide your User ID and PAN and click SEND OTP button:-

HDFC Mutual Fund Login Page

2. OTP will be sent to your registered Email and Mobile No. Enter the OTP, click on LOGIN button:-

HDFC Mutual Fund - Sell or Redeem

3. In the Home page, click on Transact Now and then Redemption as shown below:-

HDFC Mutual Fund - Sell or Redeem

4. On the Next Screen, provide details like your Folio No., Mutual Fund to Redeem (HDFC Short Term Debt Fund as per our example), Amount to Withdraw, and Bank. 


Click on Proceed to Transact button:-

Click to enlarge - HDFC Mutual Fund - Sell or Redeem

5. On the Next Screen, accept Terms & Conditions and click on Complete Transaction button, as shown below:-

Click to enlarge - HDFC Mutual Fund - Sell or Redeem

6. On the Next Screen, Accept the Read/Agree and click on Redeem button:-

Click to enlarge - HDFC Mutual Fund - Sell or Redeem

Congratulations on your successful Online Redemption or Sell of HDFC Mutual Fund. The redemption amount will be credited to your registered Bank Account.

Click to enlarge - HDFC Mutual Fund - Sell or Redeem

Images Courtesy: HDFC Mutual Fund Website

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How To Sell or Redeem Online From ICICI Prudential Mutual Fund?

Finance Guru Speaks: This article will provide information on how you can Online Redeem or Sell and withdraw your Money from ICICI Prudential Mutual Fund.

In this article, we are showing steps to Sell ICICI Prudential Long Term Bond Fund. You may select any other Mutual fund scheme, steps will remain the same. Make sure to update your Email and Mobile correctly against your Folio No.

Steps to follow to online Sell or Redeem in ICICI Prudential Mutual Fund:-

1.  Open ICICI Prudential Mutual Fund website and click on LOGIN button after providing your UserName and Password:-

ICICI Prudential Mutual Fund - Login Page

NOTE: If you don't have access to their website, then you can register your Folio by following instructions mentioned in this link. It will help to generate your User Name and Password to login.

2. In the Home page, click on MY PORTFOLIO link as shown below:-

ICICI Prudential Mutual Fund - Sell

3. Click on VIEW ALL FOLIOS button:-

Click to enlarge - ICICI Prudential Mutual Fund - Sell

4. On the Next Screen, against ICICI Prudential Long Term Bond Fund, click on REDEEM button, as shown below:-

Click to enlarge - ICICI Prudential Mutual Fund - Sell

5. On the Next Screen, check your registered Bank. Select All Units if you want to redeem or sell the Mutual Fund completely. Else, enter no. of Units or Amount which you want to redeem. Accept the T&C's and click on REDEEM button:-

Click to enlarge - ICICI Prudential Mutual Fund - Sell

6. On the Next Screen, Accept the Read/Agree and click on REDEEM button:-

ICICI Prudential Mutual Fund - Sell

7. On the Next Screen, enter the received OTP on your Mail/SMS and click on Confirm button:-

ICICI Prudential Mutual Fund - Sell

Congratulations on your successful Online Redemption or Sell of ICICI Prudential Mutual Fund. The redemption amount will be credited to your registered Bank Account.

Click to enlarge - ICICI Prudential Mutual Fund - Sell

Images Courtesy: ICICI Prudential Mutual Fund Website

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How To Sell or Redeem Online From Franklin Templeton Mutual Fund?

Finance Guru Speaks: This article will provide information on how you can Withdraw or Sell or Redeem your Money from Franklin Templeton Mutual Fund.

As an example, we have taken Franklin India Smaller Companies Fund to redeem the fund and withdraw the Money. 

Please note that Franklin Templeton Fund House has wound up below Schemes with effect from the Cut-off timings of 23rd Apr 2020 and hence, you cannot perform any operations on these funds, including Withdrawing your Money. You need to wait from the Fund House for further communications on your already invested Money.

• Franklin India Ultra Short Bond Fund (FIUBF)
• Franklin India Short Term Income Fund (FISTIP)
• Franklin India Credit Risk Fund (FICRF)
• Franklin India Low Duration Fund (FILDF)
• Franklin India Dynamic Accrual Fund (FIDA)
• Franklin India Income Opportunities Fund (FIIOF)

Hence, the steps mentioned in this article cannot be applied to the above funds (unfortunately). However, you may select any other Mutual fund scheme, steps will remain the same. 

Make sure to update your Email and Mobile correctly against your Folio No.

If you are an existing Franklin Mutual Funds investor, then, first of all, get registered to the Franklin Templeton Investments India website.

Please click this link and follow the instructions to get your Folio No. registered with the Franklin India website.

After successful registration, you will get your Username and Password to access Franklin India MF Online.

Steps to follow to online Withdraw or Redeem in Franklin Templeton Mutual Fund:-

1. Open Franklin Templeton Investments India - Investor Login website.

2. Provide your Username and Password and click on LOGIN button.

Franklin Mutual Fund - Login

3. In the Home page, click on Transact -> Redeem as shown below:-

Franklin Mutual Fund - Redeem

COVID19 - Change In Mutual Funds Cut-Off Timings

Finance Guru Speaks: This is important information regarding a temporary change in NAV Cut-Off timings for Mutual Funds Operations.

Attention: All the Mutual Funds Investors!🙏

With reference to RBI Press Release dated April 03, 2020 and AMFI communication dated April 06, 2020, it has been decided by Mutual Fund Houses to revise the cut-off timing for both Subscription and Redemption in various mutual fund schemes for a temporary period effective from April 7, 2020 to April 17, 2020 (both days inclusive).

• Subscription Operations = Purchase, SIP, Switch, etc.
• Redemption Operations = Sell/Redeem, SWP.

The revised cut-off timings are mentioned below:-

Click to enlarge - Mutual Funds Change in Cut-Off Timing

I would like to reiterate that this is a temporary change and only applicable for the period effective from April 7, 2020 to April 17, 2020 (both days inclusive).


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Investment Strategy To Win Over #Corona निवेश बंद करो-ना

Finance Guru Speaks: You might be reading this special article when you are either confined to your Home or maintaining social distances from your colleagues, neighbors, etc. This article will discuss the Investment strategy which you can apply during these difficult times of the #Coronavirus or #Covid19 era.

All the major economies including India are experiencing quite challenging and unprecedented times. Covid-19 has had a major dent in the World Economies and Sectors like Aviation, Tourism, Event Management, Manufacturing, etc. At present, the entire World is thinking in the direction of stopping the spread of this deadly Virus. However, it is quite difficult at present to access its impact on the future growth of many Sectors and the livelihood of millions.

Now, coming back to the topic - why I thought of writing this article? 

As mentioned above, Coronavirus has devastated all the major Stock Markets around the World. All of a sudden, retail investors are witnessing negative growth in their portfolio. Its impact is not only confined to Equity (Shares and Equity Oriented Mutual Funds) but spread across safe investments like Gold. Due to the financial irregularities, the remaining portion of wealth destructions was contributed by the "safe" Debt Mutual Funds. 
In short, there is no respite to a common investor who started regular investments with the dreams of getting rich and wealthy.

Many of the retail investors went into panic mode and started selling their Mutual Funds which they have bought with the initial thoughts of "Long Term Investments (?)". A sudden financial wipe-out has shaken their ground and they are promising not to come back in Shares and Mutual Funds investments. Are you falling in this category of "Long Term" Investors? If yes, then continue to read this article else, you have sound fundamentals and principles of Wealth generation & at the end of this financial turmoil you will bounce back as a Hero.

Readers who wish to know the Investment Strategy can continue reading the remaining part of this article. Good luck!

Investment Strategy to follow to fight & win over your Wealth Destructive Corona:-

1. Don't STOP your regular investments or Mutual Funds SIPs. During good times, we have heard about Rupee-Cost Averaging and we smiled & appreciated the way it has grown our SIP Investments in the Excel Sheets. What does this principle states? It states that you buy Mutual Funds at cheaper NAVs when the Markets go down and buy at a higher price when the Markets go up. I am sure many of the young Investors joined the #MutualFunds rally post-2015 or 2018 when the Markets were going constantly upwards. So in practice, many of the new Investors have constantly accumulated the Mutual Funds Units at higher prices. Now, it's the time to buy Mutual Funds Units at lower prices. So why to waste this chance when you have marked yourself Long Term Investors instead of Mutual Funds Traders? So, do not commit the mistake of stopping your Monthly/Fortnightly/Weekly SIPs.

2. CASH is the KING in difficult times and falling Markets. As you are not stopping your regular Mutual Funds SIPs as mentioned in Point 1, make sure to avoid buying Direct Shares or Mutual Funds in bulk. You may think that you are buying at a cheaper rate, but trust me, you will see the same Share or Mutual Fund at lower prices the very Next day! So what is the solution?
If you feel to buy any fundamental Shares or good Mutual Funds, then buy at a slower pace. Divide your total investment amount into 4 to 5 portions and use only a single portion while buying Stocks or Mutual Funds at a time. You can follow Weekly, Bi-Weekly or Tri-Weekly frequency to accumulate & buy such quality Shares or Mutual Funds. So, go slow and make sure you have enough Cash to continue buying Equity at cheaper rates.

3. Don't TIME the Market. This is a very fundamental principle or concept of generating Wealth over a long period of time. Does anyone know the Bottom or Top of the Markets? Nobody does! So the best way is to keep investing on a regular basis and avoid timing the market. In this way, you can make full use of Compounding and Rupee-Cost-Averaging.

4. Don't SELL in panic. As you have read above Points, you might have understood this Strategy. Don't you? Now, you are getting a chance to accumulate the Mutual Funds Units at lower prices, so make full use of it. Don't panic and start selling your Mutual Funds. It may sound difficult, but its the way to accumulate Wealth and stay in the course of Financial Freedom.

Don't be a Mutual Funds Trader, but be a Long Term Investor.

How To Online Redeem or Sell Motilal Oswal Mutual Fund?

Finance Guru Speaks:  This article will guide you on how you can Online Sell or Redeem Motilal Oswal Mutual Fund units. 

The same steps can be applied to sell any other Mutual Fund from this fund house.

Make sure you have your Mobile No. and Email ID correctly registered in the fund house.

Steps to follow to Online Redeem or Sell Motilal Oswal Mutual Fund Units:-

1. Open Motilal Oswal Mutual Fund home page after clicking here and click on MF INVESTOR -> EXISTING INVESTOR button.

2. Provide your PAN No. and click on GENERATE OTP button.

Motilal Oswal Mutual Fund - Login

3. OTP will be received on your registered Mobile No. and Email ID. Enter the OTP and click on Submit button as shown below:-

Motilal Oswal Mutual Fund - Login

4. On the Home Page, click on OTHER TRANSACTION -> REDEEM, as shown below:-

Click to enlarge - Motilal Oswal Mutual Fund - Redeem

5. On the Next page, select Folio No. and click on Proceed button as shown below:-

Click to enlarge - Motilal Oswal Mutual Fund - Redeem

6. Check the mentioned details against the Fund which you want to sell and click on GO button:-

How To Online Sell or Redeem PPFAS Mutual Fund?

Finance Guru Speaks:  This article will guide you on how you can Online Sell or Redeem Parag Parikh Flexi Cap Fund (Previously known as Parag Parikh Long Term Equity Fund) units. 

The same steps can be applied to sell other Parag Parikh Mutual Funds as well.

It is better to register yourself to the Parag Parikh MF (PPFAS) website in order to perform online transactions like Purchase, Redeem, etc. If you are an existing investor, you can follow this link to get yourself registered to this fund house. Make sure you have your Mobile No. and Email ID correctly registered in the fund house.

Steps to follow to Online Redeem or Sell PPFAS Mutual Fund Units:-

1. Visit PPFAS Self Invest Page by clicking here.

2. Login to your account by using Folio No. and MPIN. 

Note: If you are not aware of your MPIN, you can generate MPIN through Forgot MPIN link:-

PPFAS MF Login Page

3. In the Home Page, click on Withdrawal -> Redemption as shown below:-

How To Online Sell or Redeem PPFAS Mutual Fund

4. On the Next Page, Select your Scheme (Parag Parikh Flexi Cap Fund), enter Redemption Amount or Units, and click on Submit button:-

Click to enlarge - How To Online Sell or Redeem PPFAS Mutual Fund

Congratulations on your successful Online Redemption of Parag Parikh Flexi Cap Mutual Fund :-)

The Mutual Fund redemption amount will be directly credited to your Registered Bank Account.

Images Courtesy: PPFAS Mutual Fund Website

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4 Easy Steps To Online Redeem or Sell Quantum Mutual Fund

Finance Guru Speaks:  This article will guide you on how you can Online Sell or Redeem Quantum Long Term Equity Value Fund units. 

The same steps can be applied to sell any other Mutual Fund from this fund house.

It is better to register yourself to the Quantum MF website in order to perform online transactions like Purchase, Redeem, etc. You can follow this link to get yourself registered to this fund house. Make sure you have your Mobile No. and Email ID correctly registered in the fund house.

Steps to follow to Online Redeem or Sell Quantum Mutual Fund Units :-

1. Open Quantum Mutual Fund home page after clicking here

2. As shown below, Click Submit button. Here, we are using combination of UserID and Password. You can even login after generating OTP on your registered Mobile No.:-

Quantum Mutual Fund Login

3. In the Home Page, Against your Mutual Fund, click on Redeem as shown below :-

Click to enlarge - Quantum Mutual Fund Redeem

4. In the Next Page, enter Redemption Amount, select Bank and click on Submit button :-

Click to enlarge - Quantum Mutual Fund Redeem

Congratulations on your successful Online Redemption of Quantum Long Term Equity Value Mutual Fund.

Click to enlarge - Quantum Mutual Fund Redeem

The Mutual Fund redemption amount will be directly credited to your Registered Bank Account.

Images Courtesy: Quantum Mutual Fund Website

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