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IDBI Mutual Fund Redemption Process
You can redeem your IDBI Mutual Fund unit via online, offline and your advisor through. If also Cancel your SIP then Download SIP Cancellation Form.
Offline Redemption process
First Download IDBI Mutual Fund Redemption Form.
Fill up Details – Investor Name, Folio No, Pan No, Scheme Name, Amount or Unit.
If you interested to redeem full amount then select All Unit option.(means single penny not left in your folio in this scheme)
After Complete this task Visit nearest IDBI Mutual Fund Office or KFIN Tech Registrar Office and Submit Redemption Form.
Online Process to Redeem IDBI Mutual Fund Unit
If you Login first time in IDBI Mutual Fund then first create your User ID & then complete redemption process.
First Visit to IDBI Mutual Fund Login Page
Already you generate User ID then Login to your Folio.
Otherwise Click to Create User ID Link.
You can Login through OTP or password. For create User ID enter your Folio No & PAN Card No.
Home Page – click Transact Now Option.
Select which fund you are redeem. & complete process.
Check your Email or Mobile for Redemption confirmation message. After received confirmation message wait for credit fund in your account.
Equity Fund Redemption take T+3 days (means 4 working days to credit fund in your Bank Account).
For Redemption in Mutual Fund you can use any redemption request form or letter.
Normally I am using Common Transaction form for all Redemption. Single Form for all Mutual Fund.
Its sweet & short form. IDBI Mutual Fund Portfolio related article is useful for all IDBI Fund related Query.