How To Sell or Redeem Online From Franklin Templeton Mutual Fund?

Finance Guru Speaks: This article will provide information on how you can Withdraw or Sell or Redeem your Money from Franklin Templeton Mutual Fund.

As an example, we have taken Franklin India Smaller Companies Fund to redeem the fund and withdraw the Money. 

Please note that Franklin Templeton Fund House has wound up below Schemes with effect from the Cut-off timings of 23rd Apr 2020 and hence, you cannot perform any operations on these funds, including Withdrawing your Money. You need to wait from the Fund House for further communications on your already invested Money.

• Franklin India Ultra Short Bond Fund (FIUBF)
• Franklin India Short Term Income Fund (FISTIP)
• Franklin India Credit Risk Fund (FICRF)
• Franklin India Low Duration Fund (FILDF)
• Franklin India Dynamic Accrual Fund (FIDA)
• Franklin India Income Opportunities Fund (FIIOF)

Hence, the steps mentioned in this article cannot be applied to the above funds (unfortunately). However, you may select any other Mutual fund scheme, steps will remain the same. 

Make sure to update your Email and Mobile correctly against your Folio No.

If you are an existing Franklin Mutual Funds investor, then, first of all, get registered to the Franklin Templeton Investments India website.

Please click this link and follow the instructions to get your Folio No. registered with the Franklin India website.

After successful registration, you will get your Username and Password to access Franklin India MF Online.

Steps to follow to online Withdraw or Redeem in Franklin Templeton Mutual Fund:-

1. Open Franklin Templeton Investments India - Investor Login website.

2. Provide your Username and Password and click on LOGIN button.

Franklin Mutual Fund - Login

3. In the Home page, click on Transact -> Redeem as shown below:-

Franklin Mutual Fund - Redeem

4. In the Next Screen, under REDEEM, select the Folio No. and click on CONTINUE button, as shown below:-

Franklin Mutual Fund - Redeem

5. Now, under Select Fund, select the Mutual Fund which you want to Sell. 

In this article, we have taken an example of Franklin India Smaller Companies Fund. Click on CONTINUE:-

Click to enlarge - Franklin Mutual Fund - Redeem

6. Under Redemption Details, provide your Redemption Type as Full or Enter Amount or Units for Partial Withdrawal. Check your Bank details and click on CONTINUE:-

Click to enlarge - Franklin Mutual Fund - Redeem

7. Now click on SUBMIT TRANSACTION after carefully reviewing the details:-

Click to enlarge - Franklin Mutual Fund - Redeem

Congratulations on your successful Online Withdrawal or Redemption of Franklin Templeton Mutual Fund.

Franklin Mutual Fund - Redeem

Images Courtesy: Franklin Templeton India Mutual Fund Website

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