Close ended funds redemption process?
In a closed-end fund, clients cannot redeem your units till the maturity of the fund. But since they are listed on a stock exchange and trade just like a stock, clients may be able to sell their units there.You should always refer to the portfolio statement and DP Transaction statement.
Related Articles
Can I get the MF redemption proceeds immediately?
Whenever redemption is initiated in a mutual fund scheme, the realization of funds to the investor is not immediate - in case of liquid funds the investor gets the funds the next business day; in case of other schemes the timelines could be even ...
Can I get the MF redemption proceeds immediately?
Whenever redemption is initiated in a mutual fund scheme, the realization of funds to the investor is not immediate - in case of liquid funds the investor gets the funds the next business day in case of other schemes the timelines could be even ...
Can I get the MF redemption proceeds immediately?
Whenever redemption is initiated in a mutual fund scheme, the realization of funds to the investor is not immediate - in case of liquid funds the investor gets the funds the next business day in case of other schemes the timelines could be even ...
How can I add funds Via NetBanking?
We request you to follow the below process to transfer funds from your linked/registered bank account to Trading Account :- From IIFL Market App: Click on the 'Funds' icon in the main bottom menu. Click on the Add funds button. Enter the amount and ...
One of joint holder expired. Please let me know process to close the account and transfer the funds?
a) Account Closure Form duly sign by Surviving Holder(s). Format attached here b) Original OR Copy of the death certificate of the deceased holder (s) duly notarized. c) Declaration Letter 2 in case Transaction done in account after death of holder ...