Investing in mutual funds through a trusted platform like Angel One is simple and user-friendly, but what happens when you want to withdraw or redeem your funds? Whether you need liquidity for an emergency or simply want to exit an investment, knowing the withdrawal process is essential. Angel One provides an easy way to redeem mutual fund units directly through its mobile application.
In this step-by-step guide, we will walk you through the entire process of withdrawing mutual funds from your Angel One Demat account. From logging into your account to confirming the withdrawal and understanding NAV pricing, we’ve covered everything you need to know. Follow the steps below to ensure a smooth and hassle-free withdrawal experience.
Steps to Withdraw/Sell Mutual Funds from Angel One Demat Account
Step 1:
Login to your Angel One Demat account on the Angel One mobile application. Navigate to the Mutual Funds portfolio section.
Step 2:
Tap on the mutual fund you wish to sell and withdraw money from.
Step 3:
On the next screen, tap on the three vertical dots (options menu).
Step 4:
From the options displayed, select the Withdraw option and proceed.
Step 5:
If you want to withdraw a partial amount, enter the desired amount and proceed further.
Step 6:
If you want to withdraw the full amount and sell all mutual fund units, select the option for Withdraw Full Amount and continue.
Step 7:
On the next screen, tap the Confirm Withdraw button to proceed.
Step 8:
You will now need to verify your order using your TPIN and OTP. Tap on Continue to proceed.
- If you don’t know your TPIN, click on Regenerate TPIN. A new TPIN will be sent to your registered mobile number via SMS.
Step 9:
On the next screen, enter the TPIN and submit it.
Step 10:
Enter the OTP sent to your registered mobile number and email ID, and submit it.
Step 11:
Once your TPIN and OTP are verified, click on the Continue button.
Step 12:
Congratulations! Your mutual fund’s withdrawal is now successful.
Important Note on NAV Pricing
- If you sell your mutual funds during market hours (9:15 AM to 3:00 PM), you will get the same-day NAV price.
- If you sell your mutual funds after market hours (after 3:30 PM), the next market day’s NAV price will apply.
Always keep these timings in mind before redeeming your mutual funds to avoid any confusion regarding NAV pricing.
The amount from your sold mutual funds will be transferred to your linked bank account within a timeframe of 3 to 4 working days. Once the redemption process has been successfully completed, you will receive a notification via both email and SMS from the mutual fund house, confirming that the transaction has been processed.