Selling mutual funds involves specific steps depending on how you initially purchased them. Here’s a breakdown focusing on selling through a trading or Demat account.
Selling Mutual Funds Through a Trading Account or Demat Account
If you originally purchased your mutual fund units through a Demat (Dematerialized) or trading account via a broker, the selling process is straightforward.
- Raise a Sell Order: You'll need to place a sell order through the same broker you used for the initial purchase.
- Settlement: Once the sell order is executed, the corresponding amount from the sale will be credited to the bank account that is linked to your Demat account.
In summary, selling mutual funds bought through a Demat account involves using the same broker to place a sell order, with the proceeds going to your linked bank account.
