Redeeming or selling your mutual fund units is a very simple process. You have to fill the redemption form with the necessary details like folio number, scheme name, redemption amount etc and submitting it at the mutual fund or the registrar (CAMS and Karvy) offices. If you have a financial advisor, he or she can take care of the process by getting your signature on the redemption. The redemption amount will be directly credited to your bank, as per details provided in the application form of the investment. If your bank account has changed, you should update the bank details first and then submit the redemption form. If you invested online either directly with the mutual fund companies or through other online intermediaries, then you can also redeem online.