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.
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 address below:
Zerodha Customer Support Centre
192A 4th Floor,
Kalyani Vista, 3rd Main Road,
JP Nagar 4th Phase,
Bengaluru, 560076
The redemption proceeds are credited to your primary bank account linked with Zerodha.
When physical documents are submitted to redeem fractional units, a redemption charge of ₹25 per ISIN applies, along with an 18% GST on the total amount.
Did you know? Only fractional units are redeemed when you transfer them to the AMC's demat account. The remaining whole units are returned to your demat account. For example, if you transfer 2.588 units for redemption, only 0.588 units will be redeemed, and 2 units will be returned to your demat account.