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How to redeem fractional units of Liquidbees?

Instead of redeeming fractional units, they can be transferred to another demat account online using CDSL easiest. See How can I register for CDSL Easiest using my Zerodha demat account?

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 number

DP ID: 12049200
Demat account no: 1204920007473879
Account Name: NIPPON INDIA MUTUAL FUND
DP name: AXIS SECURITIES LIMITED
Depository: CDSL

DSP Mutual Fund demat account number

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

Offline

The fractional units can be transferred to AMC’s demat account as mentioned above by filling out a Delivery Instruction Slip (DIS) and sending it to Zerodha’s head office. To know more, see How to get a Delivery Instruction Slip (DIS) booklet? and How to fill a Delivery Instruction Slip (DIS)?

After filling out the DIS, courier it to:

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

Once the units are transferred to the AMC’s demat account, 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.