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 ₹376.461
↑ 0.07 ₹38,715 7.32% 1M 13D 1M 13D 0.6 1.7 3.4 7 4.9 5.2 Nippon India Liquid Fund Growth ₹5,703.81
↑ 0.95 ₹22,686 7.12% 1M 28D 2M 3D 0.6 1.7 3.4 6.9 4.8 5.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 1 Dec 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 (01 Dec 23) ₹376.461 ↑ 0.07 (0.02 %) Net Assets (Cr) ₹38,715 on 31 Oct 23 Category Debt - Liquid Fund AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.33 Sharpe Ratio 1.05 Information Ratio -3.9 Alpha Ratio -0.18 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.32% Effective Maturity 1 Month 13 Days Modified Duration 1 Month 13 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹10,690 30 Nov 20 ₹11,171 30 Nov 21 ₹11,528 30 Nov 22 ₹12,052 30 Nov 23 ₹12,896 Returns for Aditya Birla Sun Life Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Dec 23 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.4% 1 Year 7% 3 Year 4.9% 5 Year 5.2% 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 12.31 Yr. Kaustubh Gupta 15 Jul 11 12.31 Yr. Sanjay Pawar 1 Jul 22 1.34 Yr. Dhaval Joshi 21 Nov 22 0.95 Yr. Data below for Aditya Birla Sun Life Liquid Fund as on 31 Oct 23
Asset Allocation
Asset Class Value Cash 99.74% Other 0.26% Debt Sector Allocation
Sector Value Cash Equivalent 61.98% Corporate 22.78% Government 14.98% Credit Quality
Rating Value AA 0.99% AAA 99.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reverse Repo
CBLO/Reverse Repo | -17% ₹6,607 Cr Net Receivables / (Payables)
Net Current Assets | -8% -₹3,221 Cr Small Industries Development Bank Of India
Commercial Paper | -5% ₹1,989 Cr 40,000 Bank Of Baroda
Certificate of Deposit | -5% ₹1,976 Cr 39,700 Punjab National Bank
Certificate of Deposit | -4% ₹1,490 Cr 30,000 Small Industries Development Bank Of India
Commercial Paper | -3% ₹1,239 Cr 25,000 7.68% Govt Stock 2023
Sovereign Bonds | -3% ₹1,011 Cr 101,000,000 Canfin Homes Limited
Commercial Paper | -3% ₹989 Cr 20,000 Punjab And Sind Bank
Certificate of Deposit | -3% ₹986 Cr 20,000
↑ 20,000 Small Industries Development Bank Of India
Commercial Paper | -2% ₹918 Cr 18,500 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 (01 Dec 23) ₹5,703.81 ↑ 0.95 (0.02 %) Net Assets (Cr) ₹22,686 on 31 Oct 23 Category Debt - Liquid Fund AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Low Expense Ratio 0.34 Sharpe Ratio 0.46 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.12% Effective Maturity 2 Months 3 Days Modified Duration 1 Month 28 Days Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹10,693 30 Nov 20 ₹11,169 30 Nov 21 ₹11,523 30 Nov 22 ₹12,041 30 Nov 23 ₹12,873 Returns for Nippon India Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Dec 23 Duration Returns 1 Month 0.6% 3 Month 1.7% 6 Month 3.4% 1 Year 6.9% 3 Year 4.8% 5 Year 5.2% 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 10.09 Yr. Siddharth Deb 1 Mar 22 1.67 Yr. Kinjal Desai 25 May 18 5.44 Yr. Akshay Sharma 1 Dec 22 0.92 Yr. Data below for Nippon India Liquid Fund as on 31 Oct 23
Asset Allocation
Asset Class Value Cash 99.72% Other 0.28% Debt Sector Allocation
Sector Value Cash Equivalent 58.21% Corporate 27.22% Government 14.29% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Net Current Assets
Net Current Assets | -12% -₹2,697 Cr 8.83% Govt Stock 2023
Sovereign Bonds | -8% ₹1,725 Cr 172,300,000
↑ 62,000,000 Sikka Ports And Terminals Limited
Commercial Paper | -4% ₹846 Cr 17,000 Reverse Repo
CBLO/Reverse Repo | -4% ₹800 Cr HDFC Bank Limited
Certificate of Deposit | -3% ₹690 Cr 14,000 91 DTB 14122023
Sovereign Bonds | -3% ₹675 Cr 68,000,000 Small Industries Development Bank Of India
Commercial Paper | -3% ₹596 Cr 12,000 Indian Bank
Certificate of Deposit | -2% ₹498 Cr 10,000 Bank Of Maharashtra
Certificate of Deposit | -2% ₹497 Cr 10,000 91 DTB 07122023
Sovereign Bonds | -2% ₹497 Cr 50,000,000
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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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