How to redeem fractional units of Liquidbees?

Fractional units of liquidbees cannot be sold in the secondary market. They can only be redeemed by making an off-market transfer to the AMC’s demat account by following these steps:

Online

Transfer the fractional units to the AMC’s demat account number mentioned below using CDSL Easiest. See How to register for CDSL Easiest using the Zerodha demat account?

Nippon India Mutual Fund demat account details:

BO ID/Demat account number: 1204920007473879
PAN: AAATR0090B
DP ID: 12049200
Account Name: NIPPON INDIA MUTUAL FUND
DP name: AXIS SECURITIES LIMITED
Depository: CDSL

DSP Mutual Fund demat account details:

DP ID: 13050200
Demat account no: 1305020000000035
Account Name: NIPPON INDIA MUTUAL FUND
Depository: CDSL

Offline

The fractional units can be redeemed by submitting the Redemption Request Form (RRF) (PDF). After filling out the form, send a soft copy by creating a ticket to verify and confirm if the form is filled out correctly. Once the confirmation is received, courier the form to the below address:

Zerodha,
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078

The redemption proceeds are credited to the primary bank account registered with Zerodha.

Did you know? Only fractional units are considered for redemption when they are transferred to AMC’s demat account and the remaining whole units are sent back to the holder’s demat account. If a holder transfers 2.588 units for redemption, only 0.588 is used for redemption, and 2 units are returned to the holder's demat account.