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 ₹4,768.12
↑ 0.67 ₹33,274 5.33% 1M 6D 1M 9D 0.4 1.3 2.8 6.6 6.9 7.3 Aditya Birla Sun Life Liquid Fund Growth ₹314.085
↑ 0.04 ₹40,445 5.43% 1M 6D 1M 6D 0.4 1.3 2.8 6.6 6.9 7.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jan 20
(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 7.4% since its launch. Ranked 11 in Liquid Fund category. Return for 2019 was 6.7% , 2018 was 7.4% and 2017 was 6.7% . Nippon India Liquid Fund
Growth Launch Date 9 Dec 03 NAV (17 Jan 20) ₹4,768.12 ↑ 0.67 (0.01 %) Net Assets (Cr) ₹33,274 on 30 Nov 19 Category Debt - Liquid Fund AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Low Expense Ratio 0.21 Sharpe Ratio 14.7 Information Ratio -0.74 Alpha Ratio 0.48 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 5.33% Effective Maturity 1 Month 9 Days Modified Duration 1 Month 6 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,834 31 Dec 16 ₹11,663 31 Dec 17 ₹12,444 31 Dec 18 ₹13,370 31 Dec 19 ₹14,266 Returns for Nippon India Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 20 Duration Returns 1 Month 0.4% 3 Month 1.3% 6 Month 2.8% 1 Year 6.6% 3 Year 6.9% 5 Year 7.3% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2018 6.7% 2017 7.4% 2016 6.7% 2015 7.7% 2014 8.3% 2013 9.1% 2012 9.2% 2011 9.7% 2010 8.9% 2009 5.3% Fund Manager information for Nippon India Liquid Fund
Name Since Tenure Anju Chhajer 1 Oct 13 6 Yr. Kinjal Desai 25 May 18 1.35 Yr. Data below for Nippon India Liquid Fund as on 30 Nov 19
Asset Allocation
Asset Class Value Cash 99.96% Other 0.04% Debt Sector Allocation
Sector Value Cash Equivalent 52.28% Corporate 44.72% Government 2.96% Credit Quality
Rating Value AAA 96.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reverse Repo
CBLO/Reverse Repo | -8% ₹2,786 Cr 6.35% Govt Stock 2020
Sovereign Bonds | -8% ₹2,527 Cr 252,500,000
↑ 177,500,000 91 DTB 06022020
Sovereign Bonds | -7% ₹2,275 Cr 229,500,000
↑ 229,500,000 91 DTB 30012020
Sovereign Bonds | -5% ₹1,592 Cr 160,500,000
↑ 160,500,000 AXIS BANK LIMITED
Certificate of Deposit | -3% ₹998 Cr 100,000 364 DTB 12122019
Sovereign Bonds | -3% ₹906 Cr 90,771,900 8.19% Govt Stock 2020
Sovereign Bonds | -2% ₹803 Cr 80,000,000
↑ 35,500,000 Icici Bank Limited **
Certificate of Deposit | -2% ₹798 Cr 91 DTB 20022020
Sovereign Bonds | -2% ₹791 Cr 80,000,000
↑ 80,000,000 INFINA Finance Private Limited
Commercial Paper | -2% ₹750 Cr 15,000
↑ 15,000 2. Aditya Birla Sun Life Liquid Fund
CAGR/Annualized return of 7.5% since its launch. Ranked 15 in Liquid Fund category. Return for 2019 was 6.7% , 2018 was 7.4% and 2017 was 6.7% . Aditya Birla Sun Life Liquid Fund
Growth Launch Date 30 Mar 04 NAV (17 Jan 20) ₹314.085 ↑ 0.04 (0.01 %) Net Assets (Cr) ₹40,445 on 30 Nov 19 Category Debt - Liquid Fund AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.23 Sharpe Ratio 15.49 Information Ratio -0.89 Alpha Ratio 0.63 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 5.43% Effective Maturity 1 Month 6 Days Modified Duration 1 Month 6 Days Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹10,838 31 Dec 16 ₹11,672 31 Dec 17 ₹12,452 31 Dec 18 ₹13,375 31 Dec 19 ₹14,271 Returns for Aditya Birla Sun Life Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 20 Duration Returns 1 Month 0.4% 3 Month 1.3% 6 Month 2.8% 1 Year 6.6% 3 Year 6.9% 5 Year 7.3% 10 Year 15 Year Since launch 7.5% Historical performance (Yearly) on absolute basis
Year Returns 2018 6.7% 2017 7.4% 2016 6.7% 2015 7.7% 2014 8.4% 2013 9.2% 2012 9.3% 2011 9.7% 2010 9% 2009 5.5% Fund Manager information for Aditya Birla Sun Life Liquid Fund
Name Since Tenure Sunaina Cunha 18 Jun 09 10.38 Yr. Kaustubh Gupta 15 Jul 11 8.3 Yr. Data below for Aditya Birla Sun Life Liquid Fund as on 30 Nov 19
Asset Allocation
Asset Class Value Cash 100% Debt Sector Allocation
Sector Value Corporate 60.13% Cash Equivalent 38.93% Government 0.94% Credit Quality
Rating Value AA 0.96% AAA 99.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reverse Repo
CBLO/Reverse Repo | -7% ₹2,852 Cr 8.19% Govt Stock 2020
Sovereign Bonds | -6% ₹2,398 Cr 238,904,300
↑ 238,904,300 Net Receivables / (Payables)
Net Current Assets | -3% -₹1,349 Cr 6.35% Govt Stock 2020
Sovereign Bonds | -3% ₹1,046 Cr 104,500,000
↑ 53,000,000 182 DTB 26122019
Sovereign Bonds | -2% ₹997 Cr 100,000,000 Reliance Jio Infocomm Limited
Commercial Paper | -2% ₹894 Cr 18,000
↑ 18,000 5.90% Indusind Bank Limited (05/12/2019)
Net Current Assets | -2% ₹750 Cr 5.90% Indusind Bank Limited (17/12/2019)
Net Current Assets | -2% ₹750 Cr Bajaj Finance Limited
Commercial Paper | -2% ₹747 Cr 15,000
↑ 5,000 Chennai Petroleum Corporation Ltd
Commercial Paper | -2% ₹698 Cr 14,000
↑ 14,000
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