I have an IDCW reinvestment plan – how do I redeem those units ?
In an IDCW (Income Distribution cum Capital Withdrawal) reinvestment plan, your payouts are automatically reinvested into additional units of the same scheme rather than paid out to you in cash. Redeeming these works the same way as redeeming any other unit: go to My Investment, select the fund, and place your redemption request for the amount or units you want to withdraw.
If your reinvestment plan was set up before a certain date or through a different process, you may need to redeem via a request to RankMF support instead of doing it directly on the app worth checking this with support first if the redemption option isn’t showing on the platform.
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