Concept of Repurchase/ Redemption in MUTUAL FUNDS

What is “Repurchase/Redemption” in mutual funds?
What are ‘Folios’

Redemption is like selling mf units.

In MF, a folio number is a unique number identifying your account with the fund. Like a bank account number, the folio number can be used as a way to uniquely identify fund investors. A folio number also records items such as how much money each investor has placed with the fund, their transaction history, and contact details.

Earlier this was done in paper, and the same concept is taken and converted into digital.