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How can I redeem my Mutual Fund holdings on Torus?

To redeem your mutual fund holdings on Torus, follow these simple steps:

Go to the Portfolio Section - Open the “Portfolio” tab to view all your mutual fund investments.
Select the Fund to Redeem - Tap on the specific mutual fund scheme you want to redeem from.
View More Details - Click on the “Show More” link to open the fund’s detail page. At the bottom, you’ll see two options: “Redeem” and “Invest More.”
Tap on “Redeem” - Select the “Redeem” button to open the redemption order screen.
Enter Amount or Units - Specify the amount or number of units you wish to redeem.
Choose Payout Bank Account - Select the bank account where you want the redemption amount to be credited.
Place Redemption Request - Tap on the “Redeem” button to submit your request.

Your redemption will be processed based on the fund’s cut-off time and applicable timelines.

Important Notes:

Redemption orders placed after 3 PM will be processed on the next working day.
The redemption amount is usually credited to your bank account within T+2 working days, where T is the redemption date.
Processing times may vary depending on the mutual fund scheme, Asset Management Company (AMC) & Bank.

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Last updated: 4 Months Ago

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