Hi,
Imagine I auto stop all the mutual fund and close all the demat and trading account in Zerodha. Can I redeem my existing SIP into my bank account directly ?
Hi,
Suppose you stop your running SIPs and you want to close your Trading cum Demat account, then the first option is to transfer the Mutual Fund units (before closing the account) to another Demat account. You’ll have to redeem the units with the DP where the units are transferred to.
The second option is that you can rematerialize your MF Holdings (converting it into Physical form) and redeem them whenever you wish to directly with the respective AMC itself.