How do I redeem fractional units of Mutual fund holdings ?

Steps to Redeem Fractional Units of Mutual Fund Holdings:

1. Create the Easiest User for the CDSL Demat Account: Set it up as a trusted account and add our pool account (1208430000000091).

2. Approval Process: After approval, you will receive a password and TPIN on your registered email. Change the PIN from the miscellaneous section.

3. For MF Settlement: –

Go to Transaction > Setup and click on Bulk Setup.

• Select Settlement.
• Choose Exchange as Bombay Stock Exchange of India Limited.
• Select Market Type
• MF Repurchase.
• For Settlement ID, click on Find and select the appropriate ID (e.g., 111056* as per the date of redemption).
• For CM ID, select 4043 and set the Entity Identifier to NA.

4. Add ISIN: Click on Add ISIN (+ sign), select the ISIN for the mutual fund, add the quantity, and click OK.

5. Complete the Process: After submitting, select the transaction, go to Setup > Transaction Type, click on Settlement, and then Commit, entering your TPIN.

6. Final Redemption: After verification, go to the Shoonya app/web, navigate to MF Holdings, select the mutual fund, and choose Redeem to enter the quantity.

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