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Fincash » How to Do Instant Redemption in Mutual Funds Through Fincash

How to Do Instant Redemption in Mutual Funds Through Fincash.com?

Updated on November 3, 2024 , 6597 views

Through Instant Redemption people can redeem their Mutual Fund instantly. Instant Redemption is possible in some Liquid Funds. Through Fincash.com, it is possible for people to redeem their money in two Mutual Fund schemes that are, Aditya Birla Sun Life Cash Plus Fund and Reliance Liquid Fund - Treasury Plan. So, let us look at the steps that will help you to carry out the instant redemption process.

Step1: Log In to Fincash.com Website & Go to Dashboard

The first step in the instant redemption process is to login into Fincash.com website. For logging into the website, people need to enter their login credentials. Once they log in, they need to go to the dashboard. The icon for the dashboard is present on the top right corner and is second from right. This step showing the dashboard icon is given below as follows where the dashboard icon is highlighted in Green.

Step 1

Step2: Click on Instant Redemption

After you click on the dashboard, a new page opens up. In this page, on the left side, there is a drop-down titled as My Account. Under this My Account section, you can find various options such as Invest Now, My Orders, My SIPs, and so on. Here, You Need to Click on “Instant Redemption Option”. The image for this step is given below as follows where My Account and Instant Redemption options are highlighted in Blue and Green.

Step 2

Step3: Folios Eligible for Instant Redemption are Displayed

Once you click on instant redemption, the instant redemption page opens up. In this page, all the schemes that offer instant redemption Facility are displayed. Through Fincash.com, you can avail for instant redemption option for the scheme, Aditya Birla Sun Life Cash Plus Fund and Reliance Liquid Fund – Treasury Plan. The image of this step is displayed below as follows.

Step 3

Step4: Enter Redeemable Amount

The next step is to enter the redeemable amount on the Instant Redemption Page. Here, you need to enter the amount that he/she wishes to redeem. However, there are certain important points that a customer should make note of. The maximum amount that can be redeemed in a day is INR 50,000 or 90% of the investment amount whichever is low. In this case, an example is shown where ₹500 is redeemed from Reliance Liquid Fund – Treasury Plan. After entering the amount to be redeemed, the investor needs to click on the Redeem Button which is below the amount. The image for this step is shown below where the redeemable amount is highlighted in Green and the Redeem Button is highlighted in Blue.

Step 4

Step5: Redemption Summary Page

Once you click on Redeem Button, a new window titled Redemption Summary opens up. This page shows the summary of the scheme and the amount that needs to be redeemed. Here, you if you scroll down the screen, you need to tick mark the Disclaimers Button. Once you tick mark on the disclaimer, the Redeem Button Enables and then you need to click on Redeem. The image for this step is given below where the Disclaimer and Redeem Button are highlighted in Blue and Green.

Step 5

Step6: Enter OTP

Once you click on the next button, a small window pops up wherein; you need to enter your OTP. OTP or One Time Password is a unique number that customer receives both on his/her registered mobile number as well as email at the time of redemption. Ensure, that you enter the correct OTP or else; the transaction might get rejected. The image for the step is as follows where the Enter OTP is highlighted in Green.

Step 6

Step7: Redemption Status

This is the last step in the redemption process where the redemption status appears. Here, people get an Order ID which they can quote for future references. The image for this step is shown as follows.

Step 7

Thus, from the above steps, we can see that the instant redemption process of Mutual Funds through Fincash.com is simple.

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Instant Redemption Mutual Funds

On Fincash.com there are 2 liquid funds which support instant redemption option as listed below

FundNAVNet Assets (Cr)Debt Yield (YTM)Mod. DurationEff. Maturity1 MO (%)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)
Aditya Birla Sun Life Liquid Fund Growth ₹402.315
↑ 0.09
₹43,7977.32%2M 1D2M 1D0.61.83.67.46.25.3
Nippon India Liquid Fund  Growth ₹6,094.09
↑ 1.46
₹26,4697.23%1M 27D2M 2D0.61.73.57.46.25.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Nov 24

1. Aditya Birla Sun Life Liquid Fund

(Erstwhile Aditya Birla Sun Life Cash Plus Fund)

An Open-ended liquid scheme with the objective to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments.

Aditya Birla Sun Life Liquid Fund is a Debt - Liquid Fund fund was launched on 30 Mar 04. It is a fund with Low risk and has given a CAGR/Annualized return of 7% since its launch.  Ranked 15 in Liquid Fund category.  Return for 2023 was 7.1% , 2022 was 4.8% and 2021 was 3.3% .

Below is the key information for Aditya Birla Sun Life Liquid Fund

Aditya Birla Sun Life Liquid Fund
Growth
Launch Date 30 Mar 04
NAV (05 Nov 24) ₹402.315 ↑ 0.09   (0.02 %)
Net Assets (Cr) ₹43,797 on 30 Sep 24
Category Debt - Liquid Fund
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Low
Expense Ratio 0.34
Sharpe Ratio 2.74
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.32%
Effective Maturity 2 Months 1 Day
Modified Duration 2 Months 1 Day

Growth of 10,000 investment over the years.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,468
31 Oct 21₹10,797
31 Oct 22₹11,262
31 Oct 23₹12,048
31 Oct 24₹12,937

Aditya Birla Sun Life Liquid Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Aditya Birla Sun Life Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Nov 24

DurationReturns
1 Month 0.6%
3 Month 1.8%
6 Month 3.6%
1 Year 7.4%
3 Year 6.2%
5 Year 5.3%
10 Year
15 Year
Since launch 7%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.1%
2022 4.8%
2021 3.3%
2020 4.3%
2019 6.7%
2018 7.4%
2017 6.7%
2016 7.7%
2015 8.4%
2014 9.2%
Fund Manager information for Aditya Birla Sun Life Liquid Fund
NameSinceTenure
Sunaina Cunha15 Jul 1113.22 Yr.
Kaustubh Gupta15 Jul 1113.22 Yr.
Sanjay Pawar1 Jul 222.25 Yr.
Dhaval Joshi21 Nov 221.86 Yr.

Data below for Aditya Birla Sun Life Liquid Fund as on 30 Sep 24

Asset Allocation
Asset ClassValue
Cash99.76%
Other0.24%
Debt Sector Allocation
SectorValue
Cash Equivalent60.3%
Corporate36.47%
Government2.98%
Credit Quality
RatingValue
AA0.47%
AAA99.53%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Net Receivables / (Payables)
Net Current Assets | -
14%-₹6,134 Cr
91 DTB 05122024
Sovereign Bonds | -
4%₹1,569 Cr158,665,400
91 DTB 24102024
Sovereign Bonds | -
3%₹1,245 Cr125,000,000
State Bank Of India
Certificate of Deposit | -
3%₹1,233 Cr25,000
↑ 25,000
Punjab National Bank
Certificate of Deposit | -
2%₹995 Cr20,000
↑ 20,000
Punjab National Bank
Certificate of Deposit | -
2%₹993 Cr20,000
Reliance Retail Ventures Limited
Commercial Paper | -
2%₹990 Cr20,000
HDFC Bank Limited
Certificate of Deposit | -
2%₹990 Cr20,000
LIC Housing Finance Limited
Commercial Paper | -
2%₹988 Cr20,000
Export-Import Bank Of India
Commercial Paper | -
2%₹793 Cr16,000

2. Nippon India Liquid Fund 

(Erstwhile Reliance Liquid Fund - Treasury Plan)

The investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

Nippon India Liquid Fund  is a Debt - Liquid Fund fund was launched on 9 Dec 03. It is a fund with Low risk and has given a CAGR/Annualized return of 6.9% since its launch.  Ranked 11 in Liquid Fund category.  Return for 2023 was 7% , 2022 was 4.8% and 2021 was 3.2% .

Below is the key information for Nippon India Liquid Fund 

Nippon India Liquid Fund 
Growth
Launch Date 9 Dec 03
NAV (05 Nov 24) ₹6,094.09 ↑ 1.46   (0.02 %)
Net Assets (Cr) ₹26,469 on 30 Sep 24
Category Debt - Liquid Fund
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 0.33
Sharpe Ratio 2.32
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.23%
Effective Maturity 2 Months 2 Days
Modified Duration 1 Month 27 Days

Growth of 10,000 investment over the years.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,464
31 Oct 21₹10,790
31 Oct 22₹11,249
31 Oct 23₹12,024
31 Oct 24₹12,908

Nippon India Liquid Fund  SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169
Invest Now

Returns for Nippon India Liquid Fund 

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Nov 24

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.5%
1 Year 7.4%
3 Year 6.2%
5 Year 5.2%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7%
2022 4.8%
2021 3.2%
2020 4.3%
2019 6.7%
2018 7.4%
2017 6.7%
2016 7.7%
2015 8.3%
2014 9.1%
Fund Manager information for Nippon India Liquid Fund 
NameSinceTenure
Siddharth Deb1 Mar 222.59 Yr.
Kinjal Desai25 May 186.36 Yr.
Vikash Agarwal14 Sep 240.05 Yr.

Data below for Nippon India Liquid Fund  as on 30 Sep 24

Asset Allocation
Asset ClassValue
Cash99.73%
Other0.27%
Debt Sector Allocation
SectorValue
Cash Equivalent52.82%
Corporate45.04%
Government1.87%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Net Current Assets
Net Current Assets | -
13%-₹3,377 Cr
91 DTB 21112024
Sovereign Bonds | -
7%₹1,982 Cr200,000,000
State Bank Of India
Certificate of Deposit | -
4%₹1,037 Cr21,000
↑ 1,000
Punjab National Bank
Certificate of Deposit | -
4%₹988 Cr20,000
Canara Bank
Certificate of Deposit | -
4%₹986 Cr20,000
↑ 20,000
Union Bank of India
Domestic Bonds | -
4%₹984 Cr20,000
↑ 20,000
6.18% Govt Stock 2024
Sovereign Bonds | -
3%₹850 Cr85,000,000
Indian Bank
Certificate of Deposit | -
3%₹743 Cr15,000
Sikka Ports And Terminals Limited
Commercial Paper | -
3%₹743 Cr15,000
Reliance Retail Ventures Limited
Commercial Paper | -
3%₹742 Cr15,000

In case if you have more queries, feel free to contact our customer support on +91-22-62820123 on any working day between 9.30am to 6.30 pm or write a mail to us anytime at support@fincash.com. You can even do online chat by logging on our website www.fincash.com.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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KRUSHNA CHANRA MAHAPATRA, posted on 15 Aug 19 1:21 AM

OK NICE AND PRODUCTIVE.

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