Can I partially exit my Smartfolio investment?

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A)  For Partial Withdrawal in Ace, Magic, Prime and Prestige Baskets, follow these steps:

Step 1. Login to Smartfolios (Web/ Mobile App).

Step 2. Go to "My Folios" and click on "View" Button of your active Folio.

Step 3. Click on "Additional Investment/ Withdrawal" Button.

Step 4. Click on "Partial Withdrawal" Radio Button.

Step 5. Maximum withdrawal amount available for you will be shown at the bottom of the pop-up.

Step 6. Click on the Buttons with the amount you want to withdraw. Click more than once if you want to withdraw more.

Step 7. Click on the "Confirm" Button.

Step 8. You will get a confirmation, that request has been captured.

Step 9. Recommendation against your partial withdrawal request will be generated and sent to you on next trading day, which will be sent for execution after accepting.

B) For Partial Withdrawal in other Lumpsum Baskets, follow these steps (Smartfolio Web Application only):

Step 1. Login to Smartfolios web.

Step 2. Go to "My Folios" and click on "View" Button of your active folio.

Step 3. Click on "Additional Investment/ Withdrawal" Button.

Step 4. Click on the "Partial Withdrawal" Radio Button.

Step 5. A pop-up with details of partial withdrawal will be shown. Click on "Confirm" Button in this pop-up.

Step 6. A pop-up will be shown requesting to continue if tried between 9:00 a.m. and 2:30 p.m. on trading days. Click on the "Confirm" Button in this pop-up.

Step 7. A pop-up will be shown with details of minimum networth required for partial withdrawal, maximum withdrawal amount allowed and virtual cash in that Folio.

Step 8. Partial withdrawal amount input field will be shown if sufficient networth is available.

Step 9. After partial withdrawal amount is input, net approximate withdrawal amount will be calculated and shown after considering available virtual cash, cash equivalents like Liquid ETF and number of stocks that can be sold as per the provided amount.

Step 10.  Click on "Confirm" Button in the pop-up.

Step 11. The Holding's list along with number of units which will be sold will be shown.

Step 12. Click on "Confirm" within the expiry of the generated recommendations.

Step 13. Final confirmation pop-up will be shown with the holdings list and units.

Step 14. Click on "Place Order" if okay to execute else click on "Cancel". 

Step 15. You will get a confirmation that request has been captured.

Step 16. The withdrawal request will be sent for execution and will be processed at exchange as per market conditions.

Partial Withdrawal for Baskets other than Ace, Magic, Prime and Prestige

NOTE:

* This feature is accessible only via Smartfolios Web Application. Smartfolios Android and IOS apps will be updated with these features soon.

* This feature will be available only between 9:30 a.m. and 2:30 p.m. on trading days.

* This process does not consider P/L of the Holdings and stocks are sold as per their allocation in respective model basket.

* Holdings will be sold only after reduction of virtual cash and cash equivalent holdings like Liquid ETFs from the Basket while partial withdrawal is processed. So if partial withdrawal amount is less than virtual cash of the folio, then only virtual cash will be adjusted and no holdings will be sold.