How to redeem or sell mutual fund investments at Jainam ?

How to redeem or sell mutual fund investments at Jainam?

There are no charges to redeem or sell mutual fund investments at Jainam through Galaxy. To redeem or sell mutual funds, follow the given steps:

  1. Log in to J Plus,select Mutual Funds.
  2. Select Utilities tab and select holdings from the drop-down.You can now view your holdings of all units of different mutual fund schemes.
  3. Select Redeem. You can redeem on the basis of the units or the amount. If you want to redeem all units in that fund, then select the checkbox of Redeem All and continue.
  4. You can now view your redeemed amount and applicable NAV date. Select continue, and your redemption request will be successfully placed.
  5. You can also check the status of your redemption request by selecting 'My transaction' under the Utilities tab.

RELATED FACTS: 
  • Net Asset Value (NAV) is the per-unit price of a mutual fund or ETF. It is calculated daily by subtracting liabilities from total assets and dividing by the number of outstanding units. NAV is the price at which investors buy or sell fund units.
  • The redemption of units in a Systematic Withdrawal Plan (SWP) is calculated using the NAV of the previous trading day (T-1). This ensures that the withdrawal amount corresponds accurately to the prevailing market value of the fund.
  • To simplify the process and get precise estimates of units to be redeemed, investors can use the Jainam SWP Calculator. It helps determine the exact number of units based on the T-1 NAV and chosen SWP amount.