Redeem means selling full or part of the units of a Mutual Fund back to the Fund which will then transfer money to your bank account. The price at which this happens is at the Net Asset Value (NAV) per unit of the Fund.
Redeem
Redeem means selling full or part of the units of a Mutual Fund back to the Fund which will then transfer money to your bank account. The price at which this happens is at the Net Asset Value (NAV) per unit of the Fund.