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
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is it possible to redeem reliance mutual fund units partially?
ReplyDeleteYes, you can redeem mutual fund units partially.
ReplyDeleteSuppose 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.
Where to redeem reliance mutual funds in Mumbai??
ReplyDeleteYou can redeem your reliance mutual funds in any of below mentioned address which is near to your place.
DeleteYour 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
where to submit sbi mutual fund redemption form in Aurangabad?
ReplyDeleteSBIMF - Investor Service Desk
DeleteViraj 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