How to redeem PPFAS units via SelfInvest

From WebNotes, a public knowledge base. Last updated 17 May 2026. Reading time ~7 min. Level: Beginner.

Key facts

NAV cut-off	3 p.m. IST for equity schemes; 1:30 p.m. for the Liquid Fund
Credit timeline	T+1 business day for equity and debt schemes (per AMFI January 2023 standard); T+0 Instant Access Facility on the Liquid Fund up to Rs 50,000 or 90% of folio
Exit load (PPFCF)	2% within 365 days; 1% for 365 to 730 days; nil beyond 730 days
Tax implication	Section 112A LTCG (12.5% above Rs 1.25 lakh) for equity-oriented over 12 months; Section 111A STCG (20%) under 12 months; slab rate for debt-oriented schemes post-Finance-Act-2023

This guide covers placing a redemption order in any PPFAS Mutual Fund scheme through the PPFAS SelfInvest portal at selfinvest.ppfas.com. Redemption is the standard exit mechanism for direct-plan-investor folios. The redemption mechanics are similar across the seven PPFAS schemes, with scheme-specific variations in cut-off time, exit load, lock-in (ELSS), and tax treatment.

Prerequisites

An active PPFAS SelfInvest account with the folio linked. If the folio is not yet linked, follow how to link an existing PPFAS folio to SelfInvest.
Units in the folio that are eligible for redemption: for ELSS, only units beyond the three-year lock-in per installment; for other schemes, all units are eligible immediately after allotment.
An understanding of the exit load applicable to the scheme. PPFCF has a tiered exit-load schedule; the Liquid Fund and Arbitrage Fund have no exit load. The full schedule is in each scheme’s Scheme Information Document.
A registered bank account for the redemption credit. The bank account must match the folio’s registered account; SelfInvest does not credit redemption proceeds to an unverified account.
An understanding of the capital-gains tax implication. Redemption is a taxable event under the Income Tax Act 1961.
Awareness that redemption is irreversible: once the redemption is processed at the cut-off NAV, the units are cancelled. There is no recall mechanism.

Step-by-step procedure

Step 1: Log in to selfinvest.ppfas.com

Open selfinvest.ppfas.com or the SelfInvest mobile app. Log in with PAN, password, and OTP, or biometric authentication.

Step 2: Navigate to Redeem then Select Folio

From the dashboard, tap Redeem or Sell. SelfInvest lists all folios with redeemable units. Each folio displays:

The folio number and scheme.
The current units held.
The current NAV.
The current folio value.
For ELSS folios, the locked-and-unlocked split based on the three-year-per-installment rule.

Select the folio.

Step 3: Choose full or partial redemption

Two modes:

Full Redemption: Liquidate all redeemable units. For non-ELSS schemes, this means all units in the folio. For ELSS folios, only units past the three-year lock-in are eligible; locked installments remain in the folio.
Partial Redemption: Specify either an amount in rupees or a specific number of units.

Full redemption typically closes the folio (zero balance, awaiting AMC’s standard period of dormant retention before deactivation).

Step 4: Enter amount or units

For partial redemption:

By amount: Enter the rupee amount. SelfInvest computes the number of units required at the indicative NAV. The actual NAV applied is the one struck at the cut-off.
By units: Enter the number of units. SelfInvest computes the indicative rupee value.

SelfInvest displays:

The indicative gross payout (units multiplied by indicative NAV).
The applicable exit load.
The indicative net payout.

Step 5: Review exit load and tax preview

SelfInvest’s redemption screen shows:

Exit load: Computed on a first-in-first-out (FIFO) basis. For PPFCF, the standard schedule as of May 2026 is:
- 2 per cent on units redeemed within 365 days of allotment.
- 1 per cent on units redeemed between 365 and 730 days.
- Nil beyond 730 days.
Capital-gains tax preview:
- Equity-oriented schemes (PPFCF, ELSS, Arbitrage, DAAF, Large Cap): Section 112A LTCG at 12.5 per cent above the Rs 1.25 lakh annual exemption if held over 12 months; Section 111A STCG at 20 per cent if held under 12 months (post Finance Act 2024).
- Debt-oriented schemes (Liquid Fund, Conservative Hybrid): Investments made on or after 1 April 2023 are taxed at slab rates regardless of holding period (post Finance Act 2023). Investments made before 1 April 2023 retain the prior indexation regime.

For ELSS, every redemption is by definition LTCG since the three-year lock-in ensures a holding period over 12 months.

Step 6: Confirm bank account for credit

SelfInvest pre-fills the registered bank account for the credit. Verify the account number and IFSC. If the bank account has been recently updated, allow the SEBI-mandated 7-day cooling-off period (post-bank-update) before redemption proceeds can be credited; otherwise the redemption may be held.

Step 7: Authorise the redemption

Authorise the redemption:

Aadhaar OTP: Sent to the Aadhaar-registered mobile number.
SelfInvest password and OTP: SelfInvest sends an OTP to the registered mobile and email.
Biometric authentication on the mobile app: Fingerprint or face-ID.

The redemption is placed at the applicable NAV per the SEBI NAV applicability rule 2021 (which applies to redemptions identically to purchases).

Step 8: Track the order and receive credit on T+1

The order progresses through:

Submitted: Order is in SelfInvest’s queue.
NAV Applied: NAV has been struck and the redemption value computed. For orders placed before 3 p.m. (or 1:30 p.m. for the Liquid Fund) on a business day, the same-day NAV applies; after that, the next business day’s NAV.
Sent for Payment: Funds have been instructed to the bank.
Paid: Bank credit received.

For equity and debt schemes (excluding the Liquid Fund), the bank credit is typically received on T+1 (the next business day after order placement) per the AMFI T+1 redemption standard effective January 2023. For the Liquid Fund, standard redemption is T+1; the T+0 Instant Access Facility is available up to Rs 50,000 per day or 90 per cent of folio value.

The redemption confirmation email contains the units redeemed, NAV applied, exit load deducted, capital-gains preview, and the expected credit date.

What can go wrong

Redemption attempted on ELSS units within the three-year lock-in: Locked installments cannot be redeemed. SelfInvest blocks the order for the locked portion and processes only the unlocked portion if partial-redemption is selected. Full redemption attempts on a partially locked folio result in an error.
Bank account recently updated: SEBI requires a 7-day cooling-off period after a bank-account change before redemption proceeds can be credited to the new account. If the redemption is placed during this window, the credit is held until the cooling-off period elapses.
PAN-Aadhaar not linked: An inoperative PAN blocks all redemption transactions. Link the PAN at the Income Tax e-filing portal first.
Nominee or opt-out not on record: Folios in the non-compliant state (neither nominee nor opt-out) are blocked for redemption. Use how to add or update a nominee on a PPFAS folio first.
Order placed after the cut-off: A redemption order placed after 3 p.m. (equity) or 1:30 p.m. (Liquid Fund) on a business day receives the next business day’s NAV. Plan time-sensitive redemptions accordingly.
Exit-load surprise: PPFCF investors who redeem within 12 months pay 2 per cent exit load, which is in addition to the Section 111A STCG of 20 per cent. The combined drag can exceed 22 per cent of the gain. Check the holding period via the folio’s FIFO breakdown before redemption.
Capital-gains tax preview understates actual liability: The SelfInvest tax preview is an estimate based on the available cost-basis data. The actual capital-gains liability for the financial year may differ due to grandfathering, Section 112A’s Rs 1.25 lakh annual exemption stacking across funds, and other reconciliation effects. Cross-verify against the year-end capital-gains statement for ITR purposes.
Switch from regular plan to direct plan creating taxable event: A switch is a redemption from one scheme and a purchase in another; the redemption leg is taxed. See how to switch from PPFAS regular plan to direct plan for the full implications.
Redemption-proceeds credit delayed beyond T+1: A rare operational issue. Most often caused by bank-side processing delay or a flag on the folio. Contact PPFAS customer service with the redemption order number.

How to invest in PPFCF lump sum via SelfInvest portal covers the inverse (purchase) flow
How to switch between PPFAS schemes covers intra-AMC switching
How to set up SWP on a PPFAS scheme covers systematic withdrawals
How to use PPFAS Liquid Fund Instant Access Facility covers T+0 redemption on the Liquid Fund
How to switch from PPFAS regular plan to direct plan covers the regular-to-direct switch
How to link an existing PPFAS folio to SelfInvest is a prerequisite for redemption from a distributor-acquired folio
The reference article on the PPFAS SelfInvest portal covers the full portal functionality

External references

References

PPFAS Mutual Fund, SelfInvest portal at selfinvest.ppfas.com, redemption flow (accessed May 2026).
PPFAS Scheme Information Documents for the seven active schemes, current versions at amc.ppfas.com.
SEBI Circular on uniform applicability of NAV, SEBI/HO/IMD/DF2/CIR/P/2020/175, dated 17 September 2020 (effective 1 February 2021).
SEBI Master Circular for Mutual Funds, 22 May 2024.
AMFI T+1 redemption-payment framework, effective January 2023.
Finance Act, 2024 (Section 112A LTCG at 12.5%, Section 111A STCG at 20%, Rs 1.25 lakh LTCG exemption).
Finance Act, 2023 (debt-MF taxation amendment for funds with less than 35 per cent equity exposure).
SEBI (Mutual Funds) Regulations, 1996.
SEBI nominee-registration circular, effective April 2023.
PPFAS investor desk FAQ at amc.ppfas.com/faqs/.

Reviewed and published by

WebNotes Editorial Team

The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

Last reviewed: 17 May 2026
Conflicts of interest: WebNotes is independent. No relationship with any broker, registrar or bank named in this article.