Axis Direct is a leading online trading platform in India that offers a range of financial products, including mutual funds. Axis Direct Mutual Fund is a popular choice among investors due to its user-friendly interface, convenience, and accessibility. This article will discuss the Axis Direct Mutual Fund redemption process and how investors can redeem their mutual fund units.

Axis Direct Mutual Fund redemption process is a simple and hassle-free procedure that can be done online or offline. Here are the steps to redeem your Axis Direct Mutual Fund units:

Online Redemption Process

To redeem your Axis Direct Mutual Fund units online, follow the below steps:

• Log in to your Axis Direct account by visiting their website and clicking on the 'Investor Login' option.

• Enter your User ID and Password to log in to your account.

• Click on the 'Redeem' tab and select the mutual fund scheme you wish to redeem.

• Enter the number of units you wish to redeem and the amount you want to receive.

• Confirm the redemption request and submit it.

Once your request is processed, the redemption amount will be credited to your registered bank account within a few working days.

Offline Redemption Process

To redeem your Axis Direct Mutual Fund units offline, follow the below steps:

• Fill in the Axis Direct Mutual Fund Redemption Form available on their website or branches.

• Submit the duly filled redemption form at any Axis Direct branch.

• The redemption amount will be credited to your registered bank account within 4-5 working days.

Important Note:

• The redemption proceeds will be credited to the Axis Direct-registered bank account. Therefore, ensuring that your bank account details are updated in their records is essential.

• Investors can redeem their mutual fund units partially or fully, depending on their investment needs.

Axis Direct also offers the option of setting up a Systematic Withdrawal Plan (SWP) to redeem mutual fund units in a phased manner. Investors can choose the frequency and amount of withdrawal as per their requirements.

Conclusion

Axis Direct Mutual Fund redemption is a simple and easy process that can be done online or offline. Investors can redeem their mutual fund units partially or fully, depending on their investment needs. It is important to note that redemption requests attract exit loads, which the mutual fund company levied charges for the early redemption of units. Therefore, investors should carefully evaluate their investment needs before redeeming their mutual fund units. Additionally, investors can also opt for SWP to redeem their mutual fund units in a phased manner.