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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 September 14, 2020 , 2406 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 ₹4,915.41
↑ 0.45
₹29,3343.51%1M 12D1M 14D0.30.82.256.56.8
Aditya Birla Sun Life Liquid Fund Growth ₹323.887
↑ 0.03
₹38,3753.63%1M 6D1M 6D0.30.92.356.56.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Sep 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 7.2% 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 (16 Sep 20) ₹4,915.41 ↑ 0.45   (0.01 %)
Net Assets (Cr) ₹29,334 on 31 Jul 20
Category Debt - Liquid Fund
AMC Nippon Life Asset Management Ltd.
Rating
Risk Low
Expense Ratio 0.21
Sharpe Ratio 1.2
Information Ratio -1.28
Alpha Ratio -0.44
Min Investment 100
Min SIP Investment 100
Exit Load NIL
Yield to Maturity 3.51%
Effective Maturity 1 Month 14 Days
Modified Duration 1 Month 12 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 15₹10,000
31 Aug 16₹10,797
31 Aug 17₹11,531
31 Aug 18₹12,343
31 Aug 19₹13,259
31 Aug 20₹13,933

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 ₹200,132.
Net Profit of ₹20,132
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 16 Sep 20

DurationReturns
1 Month 0.3%
3 Month 0.8%
6 Month 2.2%
1 Year 5%
3 Year 6.5%
5 Year 6.8%
10 Year
15 Year
Since launch 7.2%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 5.3%
Fund Manager information for Nippon India Liquid Fund 
NameSinceTenure
Anju Chhajer1 Oct 136.92 Yr.
Kinjal Desai25 May 182.27 Yr.

Data below for Nippon India Liquid Fund  as on 31 Jul 20

Asset Allocation
Asset ClassValue
Cash100%
Debt Sector Allocation
SectorValue
Cash Equivalent77.6%
Corporate21.27%
Government1.13%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
91 DTB 17092020
Sovereign Bonds | -
12%₹3,246 Cr325,000,000
91 DTB 29102020
Sovereign Bonds | -
8%₹2,128 Cr213,884,100
182 DTB 26112020
Sovereign Bonds | -
5%₹1,216 Cr122,500,000
↑ 122,500,000
91 DTB 08102020
Sovereign Bonds | -
4%₹1,165 Cr116,850,800
↓ -4,000,000
91 DTB 22102020
Sovereign Bonds | -
4%₹1,040 Cr104,500,000
↑ 2,000,000
91 DTB 26112020
Sovereign Bonds | -
3%₹844 Cr85,000,000
↑ 85,000,000
91 DTB 15102020
Sovereign Bonds | -
3%₹797 Cr80,000,000
↓ -65,000,000
91 DTB 03092020
Sovereign Bonds | -
3%₹695 Cr69,500,000
↓ -91,500,000
91 DTB 10092020
Sovereign Bonds | -
2%₹580 Cr58,000,000
↓ -8,000,000
182 DTB 17092020
Sovereign Bonds | -
1%₹250 Cr25,000,000

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 7.4% 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 (16 Sep 20) ₹323.887 ↑ 0.03   (0.01 %)
Net Assets (Cr) ₹38,375 on 31 Jul 20
Category Debt - Liquid Fund
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Low
Expense Ratio 0.23
Sharpe Ratio 1.42
Information Ratio -1.3
Alpha Ratio -0.39
Min Investment 5,000
Min SIP Investment 1,000
Exit Load NIL
Yield to Maturity 3.63%
Effective Maturity 1 Month 6 Days
Modified Duration 1 Month 6 Days

Growth of 10,000 investment over the years.

DateValue
31 Aug 15₹10,000
31 Aug 16₹10,802
31 Aug 17₹11,533
31 Aug 18₹12,347
31 Aug 19₹13,261
31 Aug 20₹13,937

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 ₹200,132.
Net Profit of ₹20,132
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 16 Sep 20

DurationReturns
1 Month 0.3%
3 Month 0.9%
6 Month 2.3%
1 Year 5%
3 Year 6.5%
5 Year 6.8%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2010 5.5%
Fund Manager information for Aditya Birla Sun Life Liquid Fund
NameSinceTenure
Sunaina Cunha18 Jun 0911.21 Yr.
Kaustubh Gupta15 Jul 119.14 Yr.

Data below for Aditya Birla Sun Life Liquid Fund as on 31 Jul 20

Asset Allocation
Asset ClassValue
Cash100%
Debt Sector Allocation
SectorValue
Cash Equivalent76.33%
Corporate23.55%
Government0.13%
Credit Quality
RatingValue
AA0.03%
AAA99.97%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
182 DTB 22102020
Sovereign Bonds | -
5%₹1,991 Cr200,000,000
↑ 200,000,000
182 DTB 19112020
Sovereign Bonds | -
4%₹1,504 Cr151,500,000
↑ 151,500,000
182 DTB 12112020
Sovereign Bonds | -
3%₹1,341 Cr135,000,000
↑ 135,000,000
91 DTB 17092020
Sovereign Bonds | -
3%₹1,238 Cr124,000,000
91 DTB 05112020
Sovereign Bonds | -
2%₹994 Cr100,000,000
↑ 100,000,000
Power Finance Corporation Limited
Debentures | -
2%₹851 Cr8,500
↑ 8,500
Reliance Industries Limited
Debentures | -
2%₹846 Cr8,450
182 DTB 24092020
Sovereign Bonds | -
2%₹748 Cr75,000,000
↑ 50,000,000
91 DTB 15102020
Sovereign Bonds | -
2%₹598 Cr60,000,000
06.99% PN SDL 2020
Sovereign Bonds | -
1%₹502 Cr50,000,000
↑ 5,000,000

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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