Redemptions of Mutual Fund
Once you submit a redemption order to the AMC and it is confirmed, you will receive a notification via email. The funds will then be credited to your bank a...
Sat, 15 Jun, 2024 at 8:42 AM
Equity Linked Savings Schemes have a lock-in period of 3 years. You will not be able to redeem these funds before that period.
Wed, 29 Nov, 2023 at 11:48 AM
Your redemption request could be rejected due to one of the following reasons: Request was for a higher number of MF Units than available. You are try...
Wed, 29 Nov, 2023 at 11:47 AM
On redeeming any Mutual Fund, you are eligible to pay taxes based on your holding period in that Mutual Fund. In the case of Equity and Hybrid Equity-O...
Wed, 29 Nov, 2023 at 11:47 AM
The AMC usually sends a confirmation of redemption to the investor before the same is confirmed to us. Because of this, there may be a delay in the reflecti...
Wed, 29 Nov, 2023 at 11:47 AM
The time taken to redeem depends on the type of fund. Each fund has a different settlement timeline, which determines when the Mutual Fund company will tran...
Wed, 29 Nov, 2023 at 11:47 AM
Every Mutual Fund has an NAV. NAVs are updated at 9 PM every day by AMC. Any redemption order placed by you, will be processed by the AMC at the NAV applica...
Wed, 29 Nov, 2023 at 11:46 AM
Exit Load refers to the charges imposed by Mutual Funds on investors when they redeem or sell their units before a specified holding period. The purpose of ...
Wed, 29 Nov, 2023 at 11:46 AM
To check the lock-in period for any Mutual Fund, just go to the “Overview” page of any Mutual Fund scheme where you will see a “Scheme Snapshot” section. Yo...
Wed, 29 Nov, 2023 at 11:46 AM
Yes, you can redeem anytime. To redeem your Mutual Fund: Go to the respective Mutual Fund in Portfolio > Tap on Redeem > Add the amount you want to re...
Wed, 29 Nov, 2023 at 11:45 AM