How to redeem SIP in Sharekhan?

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Are you a day trader?

You can redeem SIP in Sharekhan at any time using the Sharekhan website or its mobile app. You also have an option redeem completely or partially.

Steps to redeem SIP in Sharekhan

  1. Visit Sharekhan website or mobile app
  2. Log in and go to Mutual Fund section
  3. Click on the link "REDEEM/SWITCH" button
  4. Select the scheme units
  5. Click on the REDEEM option
  6. Enter the number of units you want to redeem
  7. Click the Submit button.

Your redemption order will be updated on the order book. It may take 2 to 3 days for the money to get credited in your account.

Note: Please check if your fund is eligible for redemption before placing a request. Some fund categories like ELSS and tax saving funds have a minimum lock-in period before you can redeem the funds. You cannot redeem such funds before the lock-in period is over.



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