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 (%) Aditya Birla Sun Life Liquid Fund Growth ₹355.191
↑ 0.05 ₹39,953 6.81% 1M 28D 1M 28D 0.6 1.6 3 5 4.2 5.3 Nippon India Liquid Fund Growth ₹5,385.53
↑ 0.79 ₹25,438 6.58% 1M 13D 1M 16D 0.5 1.6 3 5 4.1 5.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jan 23
(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 (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 1. Aditya Birla Sun Life Liquid Fund
CAGR/Annualized return of 7% since its launch. Ranked 15 in Liquid Fund category. Return for 2022 was 4.8% , 2021 was 3.3% and 2020 was 4.3% . Aditya Birla Sun Life Liquid Fund
Growth Launch Date 30 Mar 04 NAV (24 Jan 23) ₹355.191 ↑ 0.05 (0.02 %) Net Assets (Cr) ₹39,953 on 31 Dec 22 Category Debt - Liquid Fund AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.33 Sharpe Ratio -1.28 Information Ratio -4.2 Alpha Ratio -0.26 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.81% Effective Maturity 1 Month 28 Days Modified Duration 1 Month 28 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,741 31 Dec 19 ₹11,460 31 Dec 20 ₹11,952 31 Dec 21 ₹12,342 31 Dec 22 ₹12,937 Returns for Aditya Birla Sun Life Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 23 Duration Returns 1 Month 0.6% 3 Month 1.6% 6 Month 3% 1 Year 5% 3 Year 4.2% 5 Year 5.3% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 9.3% Fund Manager information for Aditya Birla Sun Life Liquid Fund
Name Since Tenure Sunaina Cunha 15 Jul 11 11.47 Yr. Kaustubh Gupta 15 Jul 11 11.47 Yr. Sanjay Pawar 1 Jul 22 0.5 Yr. Harshil Suvarnkar 9 Jun 21 1.56 Yr. Data below for Aditya Birla Sun Life Liquid Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 99.32% Debt 0.68% Debt Sector Allocation
Sector Value Cash Equivalent 80.76% Government 11.18% Corporate 8.06% Credit Quality
Rating Value AA 0.12% AAA 99.88% Top Securities Holdings / Portfolio
Name Holding Value Quantity Clearing Corporation Of India Limited
CBLO/Reverse Repo | -9% ₹3,797 Cr Reverse Repo
CBLO/Reverse Repo | -5% ₹2,220 Cr Bank Of Maharashtra
Domestic Bonds | -4% ₹1,723 Cr 35,000
↑ 35,000 Union Bank of India
Domestic Bonds | -4% ₹1,577 Cr 32,000
↑ 32,000 Union Bank Of India (20/01/2023) ** #
Certificate of Deposit | -3% ₹1,391 Cr 28,000
↑ 28,000 Reliance Jio Infocomm Limited
Commercial Paper | -3% ₹1,240 Cr 25,000 Net Receivables / (Payables)
CBLO | -2% -₹1,061 Cr Adani Ports And SPecial Economic Zone Limited
Commercial Paper | -2% ₹999 Cr 20,000 Indian Bank
Domestic Bonds | -2% ₹989 Cr 20,000
↑ 20,000 Indian Bank
Certificate of Deposit | -2% ₹947 Cr 19,000 2. Nippon India Liquid Fund
CAGR/Annualized return of 6.8% since its launch. Ranked 11 in Liquid Fund category. Return for 2022 was 4.8% , 2021 was 3.2% and 2020 was 4.3% . Nippon India Liquid Fund
Growth Launch Date 9 Dec 03 NAV (24 Jan 23) ₹5,385.53 ↑ 0.79 (0.01 %) Net Assets (Cr) ₹25,438 on 31 Dec 22 Category Debt - Liquid Fund AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Low Expense Ratio 0.32 Sharpe Ratio -1.39 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 6.58% Effective Maturity 1 Month 16 Days Modified Duration 1 Month 13 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,744 31 Dec 19 ₹11,465 31 Dec 20 ₹11,953 31 Dec 21 ₹12,338 31 Dec 22 ₹12,927 Returns for Nippon India Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 23 Duration Returns 1 Month 0.5% 3 Month 1.6% 6 Month 3% 1 Year 5% 3 Year 4.1% 5 Year 5.3% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 9.2% Fund Manager information for Nippon India Liquid Fund
Name Since Tenure Anju Chhajer 1 Oct 13 9.26 Yr. Siddharth Deb 1 Mar 22 0.84 Yr. Kinjal Desai 25 May 18 4.61 Yr. Akshay Sharma 1 Dec 22 0.08 Yr. Data below for Nippon India Liquid Fund as on 31 Dec 22
Asset Allocation
Asset Class Value Cash 100% Debt Sector Allocation
Sector Value Cash Equivalent 78.27% Government 13.06% Corporate 8.67% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reverse Repo
CBLO/Reverse Repo | -13% ₹4,010 Cr 91 DTB 16022023
Sovereign Bonds | -5% ₹1,657 Cr 167,500,000
↑ 167,500,000 Triparty Repo
CBLO/Reverse Repo | -4% ₹1,231 Cr Hindustan Zinc Limited
Commercial Paper | -4% ₹1,191 Cr 24,000 National Bank for Agriculture and Rural Development
Commercial Paper | -4% ₹1,184 Cr 24,000
↑ 24,000 91 DTB 09022023
Sovereign Bonds | -3% ₹1,020 Cr 103,000,000 Reliance Retail Ventures Limited
Commercial Paper | -2% ₹745 Cr 15,000 91 DTB 02022023
Sovereign Bonds | -2% ₹744 Cr 75,000,000 182 DTB 22122022
Sovereign Bonds | -2% ₹659 Cr 66,000,000
↓ -10,500,000 Union Bank Of India **
Certificate of Deposit | -2% ₹546 Cr 11,000
↑ 11,000
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