5 replies on this article “Mutual Fund Terms”

1. BanyanFA says:

   January 22, 2013 at 6:53 pm

   Check this out for your answers http://insight.banyanfa.com/what-is-a-mutual-fund/

   Reply
2. Ashal Jauhari says:

   January 18, 2013 at 2:35 pm

   Dear Sonal, for in between redemption, please fill in the redemption form & submit it to your AMC & it ‘ll redeem your units & ‘ll provide you the money. For ongoing SIPs, you need to intimate your AMC that you want to continue or not.

   Please do note, the exit load may be applicable on your redemption as per T & C of your fund.

   Thanks

   Ashal

   Reply
3. Sonal R Patel says:

   January 18, 2013 at 11:12 am

   For example, If I have a SIP for 12 months and I want to discontinue in middle & redeem those units, then what should I do?

   Thank You
   Sonal

   Reply
   1. Free Financial Calculators says:

      January 18, 2013 at 1:19 pm

      if the fund is an open ended fund the units purchased so far can be redeemed without stopping the SIP. If there is a lock-in only units free from lock-in can be redeemed

      This can be done online.

      For stopping sips some AMCs allow online stoppage and for some you need to fill a form.
      For example HDFC does not allowed online stoppage of ongoing SIPs

      Reply
4. Free Financial Calculators says:

   January 18, 2013 at 11:06 am

   ‘Purchase’, –> buy units in a MF
   ‘Redeem’, –> get money for the unit you hold
   ‘Switch’, –> change units from fund A to B

   ‘Systematic Investment’, –> buying units each month (SIP)

   ‘Systematic Withdrawal’, –> redeeming units at regular intervals from one fund to another or from a fund to investor
   ‘Systematic Transfer’ –> transferring units from a debt mf to a equity mf or vice versa
   and ‘
   SI Order Status/Revocation’ –> status of SIP or stopping SIP

   Reply

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