Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

You can redeem Rs 2 lakh In case of a Mutual Fund Investment Issues

Friday, June 17, 2016 by Indian Real Estate News

 
In a MF scheme crisis, you can redeem Rs 2 lakh


Investors will be able to redeem up to Rs 2 lakh from a mutual fund scheme if the fund house faces systemic crisis. The market regulator has said fund houses can impose restrictions on redemptions only if there is a systemic crisis or an event that severely constricts market liquidity. The Sebi move comes after the redemption crisis faced by JP Morgan in two of its schemes involving Amtek Auto.

The regulator's latest note, that is effective immediately, stipulates that an AMC can impose restriction only in case of broad liquidity issues that affect "almost all securities rather than any issuer specific security," in the event of market failures or exchange closures or under exceptional problems.

Asset management companies can impose restrictions only for a maximum of 10 working days with prior approval from its board and trustees. If the redemption requests are above `2 lakh, then fund houses would have to redeem the first `2 lakh without any restrictions and only the remaining part would be subject to the restriction.

-----------------------------------------------
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saver Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

-----------------------------------------------

| comments (0)

0 comments:



Post a Comment


Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Popular Posts

  • Religare Banking Fund
    Buy Gold Mutual Funds Invest Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Call 0 94 83...
  • Birla Sun Life Debt Funds
    Invest Birla Sun Life Debt Funds Online Scheme   The Average Maturity Of Complete Portfolio YTM Mark to Mkt Modified ...
  • Bajaj Allianz Life Young Assure
      Bajaj Allianz Life has launched Young Assure, a non-linked, participating plan to help people fund their children's education....
  • Goldman Sachs India Equity Fund
    Buy Gold Mutual Funds Invest Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Call 0 94 8300 83...
  • Birla Sun Life MNC Fund dividend
      Birla Sun Life Mutual Fund has announced dividend under the dividend option of Birla Sun Life MNC Fund. The quantum of dividend shall b...
  • Gold Savings Fund
    Invest Mutual Funds Online Download Mutual Fund Application Forms Buy Gold Mutual Funds Gold Savings Funds An int...
  • Bharat Bond ETF
    Top SIP Funds Online   The government of India has paved the way for the launch of India's first corporate bond ETF called as Bharat B...
  • Mirae Asset Focused Fund
    Top SIP Funds Online   Mirae Asset Focused Fund (MAFF ) is a new fund from the stable of Mirae Asset Mutual Fund. It is an open-ended ...
  • AmEx offers travel credit card
    Buy Gold Mutual Funds Invest Mutual Funds Online Download Mutual Fund Application Forms Call 0 94 8300 8300...
  • Use debt mutual funds to meet your goals
    Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Ca...
Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications