How to redeem SIP or mutual funds in Kotak Securities

Follow these steps to redeem the SIP in Kotak Securities :

1. Login to the Kotak Securities website or mobile application.
2. Here you will see all the portfolio details.
3. Select the SIP which you want to be redeemed from the investment portfolio summary.
4. Check the plan, Folio No/ Scheme Name, Units, and NAV for that particular plan.
5. Enter the amount in Rs or No. of Units that you want to sell.
6. Enter the Banking details.
7. Hit on Submit button and confirm it by accepting the terms and conditions.

Now you will get the receipt of the transaction request. And shortly the amount will be credited to your bank account.