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 ₹403.443
↑ 0.07 ₹48,377 7.32% 2M 1D 2M 1D 0.6 1.8 3.6 7.4 6.3 5.3 Nippon India Liquid Fund Growth ₹6,111.15
↑ 1.11 ₹35,408 7.1% 1M 13D 1M 17D 0.6 1.8 3.6 7.4 6.2 5.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Nov 24
(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 2023 was 7.1% , 2022 was 4.8% and 2021 was 3.3% . Aditya Birla Sun Life Liquid Fund
Growth Launch Date 30 Mar 04 NAV (20 Nov 24) ₹403.443 ↑ 0.07 (0.02 %) Net Assets (Cr) ₹48,377 on 31 Oct 24 Category Debt - Liquid Fund AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.34 Sharpe Ratio 3.76 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 7.32% Effective Maturity 2 Months 1 Day Modified Duration 2 Months 1 Day Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,468 31 Oct 21 ₹10,797 31 Oct 22 ₹11,262 31 Oct 23 ₹12,048 31 Oct 24 ₹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 20 Nov 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.6% 1 Year 7.4% 3 Year 6.3% 5 Year 5.3% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 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% Fund Manager information for Aditya Birla Sun Life Liquid Fund
Name Since Tenure Sunaina Cunha 15 Jul 11 13.31 Yr. Kaustubh Gupta 15 Jul 11 13.31 Yr. Sanjay Pawar 1 Jul 22 2.34 Yr. Dhaval Joshi 21 Nov 22 1.95 Yr. Data below for Aditya Birla Sun Life Liquid Fund as on 31 Oct 24
Asset Allocation
Asset Class Value Cash 99.8% Other 0.2% Debt Sector Allocation
Sector Value Cash Equivalent 73.88% Corporate 25.92% Credit Quality
Rating Value AA 0.51% AAA 99.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reverse Repo
CBLO/Reverse Repo | -7% ₹3,525 Cr 91 DTB 05122024
Sovereign Bonds | -3% ₹1,573 Cr 158,665,400 Punjab National Bank
Domestic Bonds | -3% ₹1,478 Cr 30,000
↑ 30,000 191 DTB 24102024
Sovereign Bonds | -2% ₹1,248 Cr 125,000,000 State Bank Of India
Certificate of Deposit | -2% ₹1,237 Cr 25,000 Net Receivables / (Payables)
Net Current Assets | -2% -₹1,217 Cr Punjab National Bank
Certificate of Deposit | -2% ₹996 Cr 20,000 Reliance Retail Ventures Limited
Commercial Paper | -2% ₹993 Cr 20,000 HDFC Bank Limited
Certificate of Deposit | -2% ₹993 Cr 20,000 LIC Housing Finance Limited
Commercial Paper | -2% ₹992 Cr 20,000 2. Nippon India Liquid Fund
CAGR/Annualized return of 6.9% since its launch. Ranked 11 in Liquid Fund category. Return for 2023 was 7% , 2022 was 4.8% and 2021 was 3.2% . Nippon India Liquid Fund
Growth Launch Date 9 Dec 03 NAV (20 Nov 24) ₹6,111.15 ↑ 1.11 (0.02 %) Net Assets (Cr) ₹35,408 on 31 Oct 24 Category Debt - Liquid Fund AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Low Expense Ratio 0.33 Sharpe Ratio 3.2 Information Ratio 0 Alpha Ratio 0 Min Investment 100 Min SIP Investment 100 Exit Load NIL Yield to Maturity 7.1% Effective Maturity 1 Month 17 Days Modified Duration 1 Month 13 Days Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,464 31 Oct 21 ₹10,790 31 Oct 22 ₹11,249 31 Oct 23 ₹12,024 31 Oct 24 ₹12,908 Returns for Nippon India Liquid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Nov 24 Duration Returns 1 Month 0.6% 3 Month 1.8% 6 Month 3.6% 1 Year 7.4% 3 Year 6.2% 5 Year 5.3% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 7% 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% Fund Manager information for Nippon India Liquid Fund
Name Since Tenure Siddharth Deb 1 Mar 22 2.67 Yr. Kinjal Desai 25 May 18 6.44 Yr. Vikash Agarwal 14 Sep 24 0.13 Yr. Data below for Nippon India Liquid Fund as on 31 Oct 24
Asset Allocation
Asset Class Value Cash 99.78% Other 0.22% Debt Sector Allocation
Sector Value Cash Equivalent 99.01% Government 0.77% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Punjab National Bank**
Net Current Assets | -6% ₹2,077 Cr 42,000
↓ -9,500 State Bank Of India**
Net Current Assets | -5% ₹1,538 Cr 31,000 Canara Bank**
Net Current Assets | -4% ₹1,240 Cr 25,000
↓ -6,000 Reverse Repo
CBLO/Reverse Repo | -4% ₹1,226 Cr Icici Securities Limited**
Net Current Assets | -4% ₹1,180 Cr 23,800
↓ -6,000 Axis Bank Limited**
Net Current Assets | -3% ₹1,113 Cr 22,500
↑ 3,000 Union Bank Of India**
Net Current Assets | -3% ₹1,088 Cr 22,000
↑ 2,000 Export Import Bank Of India**
Net Current Assets | -3% ₹1,065 Cr 21,500
↑ 6,000 Reliance Retail Ventures Limited**
Net Current Assets | -3% ₹917 Cr 18,500
↓ -10,500 6.18% Govt Stock 2024
Sovereign Bonds | -3% ₹850 Cr 85,000,000
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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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