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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 June 9, 2024 , 6412 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 ₹391.205
↑ 0.08
₹46,3607.88%2M 8D2M 8D0.61.93.77.35.75.2
Nippon India Liquid Fund  Growth ₹5,926.92
↑ 1.14
₹32,0967.24%1M 10D1M 14D0.61.93.77.25.65.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 11 Jun 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 (11 Jun 24) ₹391.205 ↑ 0.08   (0.02 %)
Net Assets (Cr) ₹46,360 on 15 May 24
Category Debt - Liquid Fund
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Low
Expense Ratio 0.33
Sharpe Ratio 1.47
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL
Yield to Maturity 7.88%
Effective Maturity 2 Months 8 Days
Modified Duration 2 Months 8 Days

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹10,591
31 May 21₹10,939
31 May 22₹11,316
31 May 23₹12,028
31 May 24₹12,900

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 11 Jun 24

DurationReturns
1 Month 0.6%
3 Month 1.9%
6 Month 3.7%
1 Year 7.3%
3 Year 5.7%
5 Year 5.2%
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 1112.81 Yr.
Kaustubh Gupta15 Jul 1112.81 Yr.
Sanjay Pawar1 Jul 221.84 Yr.
Dhaval Joshi21 Nov 221.44 Yr.

Data below for Aditya Birla Sun Life Liquid Fund as on 15 May 24

Asset Allocation
Asset ClassValue
Cash98.51%
Debt1.27%
Other0.22%
Debt Sector Allocation
SectorValue
Cash Equivalent81.44%
Government9.44%
Corporate8.9%
Credit Quality
RatingValue
AA0.46%
AAA99.54%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reverse Repo
CBLO/Reverse Repo | -
7%₹3,290 Cr
6.69% Govt Stock 2024
Sovereign Bonds | -
6%₹2,693 Cr269,500,000
National Bank for Agriculture and Rural Development
Commercial Paper | -
4%₹1,738 Cr35,000
National Bank for Agriculture and Rural Development
Commercial Paper | -
3%₹1,180 Cr24,000
↑ 24,000
India (Republic of)
- | -
2%₹1,042 Cr105,000,000
India (Republic of)
- | -
2%₹995 Cr100,000,000
India (Republic of)
- | -
2%₹946 Cr95,596,200
Sikka Ports & Terminals Ltd
Commercial Paper | -
2%₹799 Cr16,000
Indusind Bank Ltd.
Debentures | -
2%₹794 Cr16,000
HDFC Bank Limited
Certificate of Deposit | -
2%₹698 Cr14,000

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 (11 Jun 24) ₹5,926.92 ↑ 1.14   (0.02 %)
Net Assets (Cr) ₹32,096 on 30 Apr 24
Category Debt - Liquid Fund
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 0.34
Sharpe Ratio 1.19
Information Ratio 0
Alpha Ratio 0
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 7.24%
Effective Maturity 1 Month 14 Days
Modified Duration 1 Month 10 Days

Growth of 10,000 investment over the years.

DateValue
31 May 19₹10,000
31 May 20₹10,591
31 May 21₹10,932
31 May 22₹11,304
31 May 23₹12,004
31 May 24₹12,872

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 11 Jun 24

DurationReturns
1 Month 0.6%
3 Month 1.9%
6 Month 3.7%
1 Year 7.2%
3 Year 5.6%
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
Anju Chhajer1 Oct 1310.59 Yr.
Siddharth Deb1 Mar 222.17 Yr.
Kinjal Desai25 May 185.94 Yr.

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

Asset Allocation
Asset ClassValue
Cash99.78%
Other0.22%
Debt Sector Allocation
SectorValue
Cash Equivalent68.16%
Corporate19.85%
Government11.77%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
191 DTB 19072024
Sovereign Bonds | -
5%₹1,531 Cr155,000,000
6.69% Govt Stock 2024
Sovereign Bonds | -
4%₹1,124 Cr112,500,000
India (Republic of)
- | -
3%₹1,030 Cr103,500,000
↓ -46,500,000
91 DTB 23052024
Sovereign Bonds | -
3%₹1,024 Cr102,500,000
Punjab National Bank
Certificate of Deposit | -
3%₹1,016 Cr20,500
↑ 20,500
India (Republic of)
- | -
3%₹944 Cr95,000,000
Net Current Assets
Net Current Assets | -
3%-₹896 Cr
Bank Of Baroda
Certificate of Deposit | -
3%₹822 Cr16,500
Indian Bank
Domestic Bonds | -
3%₹739 Cr15,000
↑ 15,000
Punjab National Bank
Domestic Bonds | -
3%₹738 Cr15,000
↑ 15,000

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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