Perhaps your mutual fund isn't performing as well as you would like. Or perhaps you would like to transfer money from one fund to another fund. If you own a Fidelity fund, fortunately, the process of selling is quite easy. Fidelity provides all fund owners with an online account. You can use your account to buy, sell and transfer funds as well as review your fund's performance.
Log in to your Fidelity account. The login area is linked in the upper-right-hand corner of the Fidelity home page.
Select "Accounts & Trade" from your account dashboard.
Select "Trade" from the Accounts & Trade screen.
Select "Sell a mutual fund" from the Trade screen, and then click "Continue."
Find the mutual fund you wish to sell from the drop-down list that appears and select it.
Enter the quantity you wish to sell next to the mutual fund you selected. You will be given three options. You can enter a dollar amount, the number of shares you wish to sell, or you can simply select "Sell all shares."
Select "Preview Order" and then carefully make sure that all information is correct.
Select "Place Order" if the order details are correct. Otherwise, select "Edit Order" and go back and make any necessary corrections.
Most Fidelity mutual funds charge a redemption fee. If you hold the fund for at least 180 days before selling you can avoid paying a fee for early redemption. This is something to keep in mind when buying new funds as well. If you plan to buy and sell funds often, carefully review the prospectus first to find out how much, if anything, transaction fees will cost you.
Keep in mind that the amount you receive from the sale of your fund may be lower than the amount that was quoted in your Fidelity account before you placed your order. This is because fees and commissions are deducted when you sell your fund. The amount deducted will depend on the type of fund you owned and how many shares you sell.
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