How do I stop an SIP and redeem my holdings on FundsGenie?
- You can stop/cancel your SIP in 2 ways
1. Through FundsGenie:
Step 2. Click Active for the SIP you wish to stop > Yes
The request will be validated against upcoming SIP installments. If the date is too close, the request will be rejected. You will be intimated via email to retry in a few days.
2. Send an email request to email@example.com with your account details, including the fund name. You can request for your holdings to be sold (in the email) by specifying the quantity (units) you wish to redeem. Step 1.
Log in to FundsGenie
and go to My Portfolio
Step 2. Select More next to the desired fund > Sell
Step 3. Enter the number of Units to be sold > Select the Order Type (Physical / Demat) > Proceed
If your order type is Physical, you will be required to authenticate the order through the email/SMS sent to your contact details registered with the folio.
The funds will be credited to the bank account you have registered with the folio. The time period for it to reflect in your bank account will depend on the mutual fund category (debt, equity, etc.).