Fincash » How to Do Instant Redemption in Mutual Funds Through Fincash
Table of Contents
- Step1: Log In to Fincash.com Website & Go to Dashboard
- Step2: Click on Instant Redemption
- Step3: Folios Eligible for Instant Redemption are Displayed
- Step4: Enter Redeemable Amount
- Step5: Redemption Summary Page
- Step6: Enter OTP
- Step7: Redemption Status
- Instant Redemption Mutual Funds
Top 2 Debt - Liquid Fund Funds
How to Do Instant Redemption in Mutual Funds Through Fincash.com?
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.
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.
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.
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.
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.
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.
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.
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
Fund NAV Net Assets (Cr) Debt Yield (YTM) Mod. Duration Eff. Maturity 1 MO (%) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) Nippon India Liquid Fund Growth ₹5,013.65
↑ 0.43 ₹23,219 3.35% 1M 18D 1M 21D 0.2 0.8 1.5 3.4 5.6 6.2 Aditya Birla Sun Life Liquid Fund Growth ₹330.394
↑ 0.03 ₹27,433 3.39% 1M 13D 1M 13D 0.3 0.8 1.5 3.4 5.6 6.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 9 May 21
(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 Below is the key information for Nippon India Liquid Fund Returns up to 1 year are on (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 Below is the key information for Aditya Birla Sun Life Liquid Fund Returns up to 1 year are on 1. Nippon India Liquid Fund
CAGR/Annualized return of 7.1% since its launch. Ranked 11 in Liquid Fund category. Return for 2020 was 4.3% , 2019 was 6.7% and 2018 was 7.4% . Nippon India Liquid Fund
Growth Launch Date 9 Dec 03 NAV (09 May 21) ₹5,013.65 ↑ 0.43 (0.01 %) Net Assets (Cr) ₹23,219 on 31 Mar 21 Category Debt - Liquid Fund AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Low Expense Ratio 0.26 Sharpe Ratio -1.42 Information Ratio -2.21 Alpha Ratio -0.51 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 3.35% Effective Maturity 1 Month 21 Days Modified Duration 1 Month 18 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 16 ₹10,000 30 Apr 17 ₹10,712 30 Apr 18 ₹11,446 30 Apr 19 ₹12,308 30 Apr 20 ₹13,060 30 Apr 21 ₹13,506 Returns for Nippon India Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 May 21 Duration Returns 1 Month 0.2% 3 Month 0.8% 6 Month 1.5% 1 Year 3.4% 3 Year 5.6% 5 Year 6.2% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2020 4.3% 2019 6.7% 2018 7.4% 2017 6.7% 2016 7.7% 2015 8.3% 2014 9.1% 2013 9.2% 2012 9.7% 2011 8.9% Fund Manager information for Nippon India Liquid Fund
Name Since Tenure Anju Chhajer 1 Oct 13 7.58 Yr. Kinjal Desai 25 May 18 2.93 Yr. Data below for Nippon India Liquid Fund as on 31 Mar 21
Asset Allocation
Asset Class Value Cash 99.98% Other 0.02% Debt Sector Allocation
Sector Value Cash Equivalent 69.99% Corporate 28.07% Government 1.93% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.94% Govt Stock 2021
Sovereign Bonds | -6% ₹1,425 Cr 141,500,000
↑ 141,500,000 364 DTB 03062021
Sovereign Bonds | -6% ₹1,392 Cr 140,000,000
↑ 140,000,000 7.80% Govt Stock 2021
Sovereign Bonds | -4% ₹1,026 Cr 102,500,000
↑ 102,500,000 364 DTB 13052021
Sovereign Bonds | -4% ₹959 Cr 96,232,500 364 DTB 29042021
Sovereign Bonds | -2% ₹559 Cr 56,000,000 91 DTB 15042021
Sovereign Bonds | -2% ₹549 Cr 55,000,000
↓ -43,500,000 182 DTB 06052021
Sovereign Bonds | -2% ₹449 Cr 45,000,000
↑ 45,000,000 364 DTB 20052021
Sovereign Bonds | -2% ₹408 Cr 41,000,000
↑ 41,000,000 91 DTB 17062021
Sovereign Bonds | -2% ₹397 Cr 40,000,000
↑ 40,000,000 182 DTB 24062021
Sovereign Bonds | -1% ₹318 Cr 32,000,000
↑ 32,000,000 2. Aditya Birla Sun Life Liquid Fund
CAGR/Annualized return of 7.2% since its launch. Ranked 15 in Liquid Fund category. Return for 2020 was 4.3% , 2019 was 6.7% and 2018 was 7.4% . Aditya Birla Sun Life Liquid Fund
Growth Launch Date 30 Mar 04 NAV (09 May 21) ₹330.394 ↑ 0.03 (0.01 %) Net Assets (Cr) ₹27,433 on 31 Mar 21 Category Debt - Liquid Fund AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.28 Sharpe Ratio -1.54 Information Ratio -2.29 Alpha Ratio -0.49 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 3.39% Effective Maturity 1 Month 13 Days Modified Duration 1 Month 13 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 16 ₹10,000 30 Apr 17 ₹10,710 30 Apr 18 ₹11,446 30 Apr 19 ₹12,301 30 Apr 20 ₹13,052 30 Apr 21 ₹13,505 Returns for Aditya Birla Sun Life Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 May 21 Duration Returns 1 Month 0.3% 3 Month 0.8% 6 Month 1.5% 1 Year 3.4% 3 Year 5.6% 5 Year 6.2% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2020 4.3% 2019 6.7% 2018 7.4% 2017 6.7% 2016 7.7% 2015 8.4% 2014 9.2% 2013 9.3% 2012 9.7% 2011 9% Fund Manager information for Aditya Birla Sun Life Liquid Fund
Name Since Tenure Sunaina Cunha 18 Jun 09 11.87 Yr. Kaustubh Gupta 15 Jul 11 9.8 Yr. Data below for Aditya Birla Sun Life Liquid Fund as on 31 Mar 21
Asset Allocation
Asset Class Value Cash 100% Debt Sector Allocation
Sector Value Cash Equivalent 55.29% Corporate 40.8% Government 3.9% Credit Quality
Rating Value AA 0.17% AAA 99.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.94% Govt Stock 2021
Sovereign Bonds | -4% ₹1,007 Cr 100,000,000
↑ 100,000,000 364 DTB 13052021
Sovereign Bonds | -4% ₹996 Cr 100,000,000 364 DTB 07052021
Sovereign Bonds | -3% ₹932 Cr 93,500,000
↑ 39,500,000 7.80% Govt Stock 2021
Sovereign Bonds | -2% ₹597 Cr 59,620,000 364 DTB 27052021
Sovereign Bonds | -2% ₹483 Cr 48,500,000
↑ 48,500,000 182 DTB 29042021
Sovereign Bonds | -1% ₹394 Cr 39,500,000 91 DTB 06052021
Sovereign Bonds | -1% ₹383 Cr 38,406,400 364 DTB 03062021
Sovereign Bonds | -1% ₹348 Cr 35,000,000
↑ 35,000,000 91 DTB 22042021
Sovereign Bonds | -1% ₹250 Cr 25,000,000 182 DTB27052021
Sovereign Bonds | -1% ₹149 Cr 15,000,000
↑ 15,000,000
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