POSTED BY November 23, 2010 6:34 pm COMMENTS (4)ON
What is the fastest and easiest way to redeem the mutual funds incase one has bought it from agent and does not have any facility online to sell them ? What if he has funds from 3-4 differnet funds houses ? Does he have to write a letter and drop it at all the AMC’s ?
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4 replies on this article “Fastest way to redeem mutual funds bought through agent”
The fastest way is to go either to respective MF office or CAMS office before 3 pm and submit the redemption form in person.
I suppose redeemption through online PIN would be much more faster, but that for one needs to apply for the PIN through AMC’s website. Also agent or no agent, it makes no difference.
I agree with Raghav, if you purchase from any agent and that to from different fund houses, you can submit the request at CAMS [it will not deal with Reliance AFAIK], it does not matter and it is fastest than the agent, since CAMS is acting as a registrar for so many MF houses. You can use the bottom part of the MF Statement to redeem / change of bank / change of address.
I prefer to courier them directly to CAMS or karvy depending on who handles the process for the AMC. I had no issues so far that i have done atleast 20+ redemption’s so far.