Being an ETF investing model, units of the fund are listed and traded in demat form on the stock exchange. Therefore, to redeem your investment in the fund you need to offer the units for sale, during trading hours through your demat portal. Once the sell trade is executed you will receive your investment proceeds within the portal’s trade settlement timelines. This online redemption can also be executed by you through your stock broker.
Market Makers and Large Investors can transact directly with the Mutual Fund for an amount greater than INR 25 crores. They can subscribe to/redeem the units of the Scheme on any business day directly with the Mutual Fund at applicable intra-day NAV and transaction charges, if any, by depositing/receiving stocks comprising the benchmark index and/or cash, value of which is equivalent to Creation Unit size.