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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 January 15, 2020 , 1195 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 (%)
Nippon India Liquid Fund  Growth ₹4,768.12
↑ 0.67
₹33,2745.33%1M 6D1M 9D0.41.32.86.66.97.3
Aditya Birla Sun Life Liquid Fund Growth ₹314.085
↑ 0.04
₹40,4455.43%1M 6D1M 6D0.41.32.86.66.97.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jan 20

1. 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 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% .

Below is the key information for Nippon India Liquid Fund 

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.

DateValue
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

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 ₹203,125.
Net Profit of ₹23,125
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 17 Jan 20

DurationReturns
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
YearReturns
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 
NameSinceTenure
Anju Chhajer1 Oct 136 Yr.
Kinjal Desai25 May 181.35 Yr.

Data below for Nippon India Liquid Fund  as on 30 Nov 19

Asset Allocation
Asset ClassValue
Cash99.96%
Other0.04%
Debt Sector Allocation
SectorValue
Cash Equivalent52.28%
Corporate44.72%
Government2.96%
Credit Quality
RatingValue
AAA96.47%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reverse Repo
CBLO/Reverse Repo | -
8%₹2,786 Cr
6.35% Govt Stock 2020
Sovereign Bonds | -
8%₹2,527 Cr252,500,000
↑ 177,500,000
91 DTB 06022020
Sovereign Bonds | -
7%₹2,275 Cr229,500,000
↑ 229,500,000
91 DTB 30012020
Sovereign Bonds | -
5%₹1,592 Cr160,500,000
↑ 160,500,000
AXIS BANK LIMITED
Certificate of Deposit | -
3%₹998 Cr100,000
364 DTB 12122019
Sovereign Bonds | -
3%₹906 Cr90,771,900
8.19% Govt Stock 2020
Sovereign Bonds | -
2%₹803 Cr80,000,000
↑ 35,500,000
Icici Bank Limited **
Certificate of Deposit | -
2%₹798 Cr
91 DTB 20022020
Sovereign Bonds | -
2%₹791 Cr80,000,000
↑ 80,000,000
INFINA Finance Private Limited
Commercial Paper | -
2%₹750 Cr15,000
↑ 15,000

2. 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 7.5% since its launch.  Ranked 15 in Liquid Fund category.  Return for 2019 was 6.7% , 2018 was 7.4% and 2017 was 6.7% .

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 (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.

DateValue
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

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 ₹203,125.
Net Profit of ₹23,125
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 17 Jan 20

DurationReturns
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
YearReturns
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
NameSinceTenure
Sunaina Cunha18 Jun 0910.38 Yr.
Kaustubh Gupta15 Jul 118.3 Yr.

Data below for Aditya Birla Sun Life Liquid Fund as on 30 Nov 19

Asset Allocation
Asset ClassValue
Cash100%
Debt Sector Allocation
SectorValue
Corporate60.13%
Cash Equivalent38.93%
Government0.94%
Credit Quality
RatingValue
AA0.96%
AAA99.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reverse Repo
CBLO/Reverse Repo | -
7%₹2,852 Cr
8.19% Govt Stock 2020
Sovereign Bonds | -
6%₹2,398 Cr238,904,300
↑ 238,904,300
Net Receivables / (Payables)
Net Current Assets | -
3%-₹1,349 Cr
6.35% Govt Stock 2020
Sovereign Bonds | -
3%₹1,046 Cr104,500,000
↑ 53,000,000
182 DTB 26122019
Sovereign Bonds | -
2%₹997 Cr100,000,000
Reliance Jio Infocomm Limited
Commercial Paper | -
2%₹894 Cr18,000
↑ 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 Cr15,000
↑ 5,000
Chennai Petroleum Corporation Ltd
Commercial Paper | -
2%₹698 Cr14,000
↑ 14,000

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

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