Zerodha, one of the leading discount brokers in India, provides a comprehensive platform for investors to buy and sell mutual funds. With its easy-to-use interface and competitive pricing, Zerodha has become a preferred choice for many investors who want to invest in mutual funds. In this article, we will guide you through the process of selling mutual funds in Zerodha.
Step 1: Login to your Zerodha account
To sell mutual funds in Zerodha, you first need to login to your Zerodha account. If you don’t have a Zerodha account, you can create one by visiting their website and following the registration process.
Step 2: Navigate to the mutual fund dashboard
Once you are logged in to your Zerodha account, navigate to the mutual fund dashboard. You can do this by clicking on the “Mutual funds” tab in the main menu and then clicking on “Dashboard.”
Step 3: Select the mutual fund you want to sell
In the mutual fund dashboard, you will see a list of all the mutual funds you have invested in. Select the mutual fund you want to sell by clicking on it.
Step 4: Place the sell order
After selecting the mutual fund you want to sell, you need to place a sell order. To do this, click on the “Sell” button. You will be asked to enter the number of units you want to sell and the selling price.
Step 5: Confirm the order
After entering the details, you will see a summary of your sell order. Review the details and click on the “Confirm” button to place the sell order.
Step 6: Wait for the order to be executed
Once you have placed the sell order, you need to wait for it to be executed. The time taken for the order to be executed depends on the market conditions and the demand for the mutual fund.
Step 7: Receive the proceeds
Once the sell order is executed, you will receive the proceeds of the sale in your Zerodha account. You can use these proceeds to invest in other mutual funds or withdraw them to your bank account.
Selling mutual funds in Zerodha is a straightforward process. By following the steps outlined in this article, you can easily sell your mutual funds and receive the proceeds in your Zerodha account. Remember to keep an eye on the market conditions and the demand for the mutual fund before placing a sell order.