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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