SBI Tax advantage fund series 1 growth – Can I redeem with now ?

POSTED BY anishj ON October 4, 2014 9:39 am ONE COMMENT

Hello, I invested in this mutual fund in 2008 and the 3 year lock in period is over. But it will get matured only in 2018 march. When I asked them if I can redeem it, the answer was yes with the below statement However for any redemption made before the maturity date i.e. before the completion  of 10 years, AMC (Asset Management Company) will redeem the units only after adjusting the proportionate portion of the unamortised initial issue expenses   I know each day has a diff NAV but you can help me understand it better that will be great . I invested 50K in 2008 how much will I get if I redeem it now Thanks AJ

One reply on this article “SBI Tax advantage fund series 1 growth – Can I redeem with now ?”

  1. Hemanth says:

    I am seeing something like this for the first time.

    Can you ask them to explain what they meant by this actually. They will help u out in this.

    Even I will try to find what it is.

    PS : Click ‘Reply’ to give some info, so that I will get a mail notification.

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