How can Non resident Indians (NRIs) withdraw / redeem his investments?
Following is a step by step by step process by which NRI withdraw / redeem his investments: – Step 1 You can redeem all or part of the amount in your account by signing on the tear-off portion of the account statement and sending it to the mutual fund distributor or directly to the AMC through post. Step 2 The redemption request will be processed at the applicable NAV based price. Redemption proceeds will be paid by a payable at par Cheque and payments will be made in favour of the first unit holder and the bank account number shall be mentioned on the Cheque as well. The redemption proceeds will be net of tax deduction at source on the profits. Redemption proceeds/repurchase price and/or dividend or income earned (if any) will be payable in Indian Rupees only. The Scheme will not be liable for any loss on account of exchange fluctuations, while converting the rupee amount in US Dollar or any other currency. Repatriation of sale proceeds and dividend Repatriation of sale proceeds/ divi
