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Thursday, November 24, 2011

What is the procedure to REDEEM / REPURCHASE Mutual Fund Units?



If the fund is open ended, the investor has to send the repurchase(redemption) requisition slip, duly completed and signed, to mutual fund or register (cams or karvy after checking which accept redemption of particular AMC(mutual fund). It is possible to lodge repurchase requests on the Internet also. The redemption can be done for all units, partial units, or for an amount.

Redemption proceeds can be either be directly credited to the investors account OR cheques are issued with the investors bank details printed on them mandatorily. This is to prevent fraudulent encashment of repurchase cheques.

Forms






Forms:

Common Transaction Slip of Mutual Funds For  Redemption:  **Click image to enlarge

 In Karvy mfs website, we have option to create transaction slip by adding our investment detail.
Visit  
https://www.karvymfs.com/karvy/Investorservices/General/transactiondetails.aspx  
 add details and Generate Transaction Slip 

6 comments:

  1. is it possible to redeem reliance mutual fund units partially?

    ReplyDelete
  2. Yes, you can redeem mutual fund units partially.
    Suppose you invested Rs.50,000 in one scheme and now you want to redeem Rs. 10,000 or you have 5000 units and from that you want to liquidate 1000 units, you can do so and allowed to withdraw partially.

    ReplyDelete
  3. Where to redeem reliance mutual funds in Mumbai??

    ReplyDelete
    Replies
    1. You can redeem your reliance mutual funds in any of below mentioned address which is near to your place.
      Your transaction for redemption will gets accepted in Reliance as well as Karvy.

      Reliance Address

      Corporate Office
      Reliance Capital Asset Management Limited /
      Reliance Capital Trustee Co. Limited /
      Reliance Mutual Fund
      11th floor & 12th floor, One Indiabulls Centre, Tower 1
      Jupiter Mills Compound
      841, Senapati Bapat Marg,
      Elphinstone Road,
      Mumbai - 400 013
      Tel No. - 022-30994600
      Fax No. - 022-30994699
      Customer Care - 3030 1111 Toll free - 1800-300-11111

      Borivali
      Reliance Capital Asset Management Limited
      Premise No 101, Viraj Deep, Junction Of Chandavarkar Road & Eksar Road Opp Megha Mayur Tower (Kala Niketan)
      Borivali - 400091

      Nariman Point
      Reliance Capital Asset Management Limited
      Mittal Chambers,228, Ground Floor, Nariman Point,
      Mumbai - 400021

      Vashi
      Reliance Capital Asset Management Limited
      Thacker Tower, 702 & 703, Sector No. 17,
      Vashi - 400705


      Andheri
      Reliance Capital Asset Management Limited
      Office No 304, Kshitij Building, 3rd Floor, Near Garden Court Restaurant, Veera Desai Road,
      Andheri - 400053

      Karvy Mumbai
      Karvy Computershare Private Limited
      Office number: 01/04, 24/B, Raja Bahadur Compound, Ambalal Doshi Marg, Behind Bombay Stock Exchange, Fort Mumbai - 400001


      Delete
  4. where to submit sbi mutual fund redemption form in Aurangabad?

    ReplyDelete
    Replies
    1. SBIMF - Investor Service Desk
      Viraj Complex, Opp Big Cinema,
      Above SBI ATM, Khadkeshwar,
      Aurangabad. 431001
      Tel No - (0240) 3244781

      For more details visit sbi mf website
      http://www.sbimf.com/ContactUs/Investor_Service_Centers.aspx

      Delete

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