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What is procedure for submitting redemption in the physical mode?

April 26, 2017mode physical procedure redemption

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What is procedure for submitting redemption in the physical mode?

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• Completed and Signed redemption request stating the Folio no. • Copy of PAN Card of first holder • Copy of PAN Card of each additional holder in case of joint investment • Copy or allotment statement / holding statement/ SOA displaying the scheme holdings to be redeemed • Copy of Guardians PAN Card in case investment is on behalf of minor • Who will verify the signature on the redemption slip? The member shall verify the application for mandatory details, investor identity and verifies the signature on the application against the PAN signature. • What confirmation will the investor get for the order placed through the trading member? The investor will receive from the Trading Member a confirmation slip (which will contain unique confirmation number) generated from the MFSS/ BSE StAR MF front-end system. This will be the proof of the transaction for the investor till the redemption proceeds are received from the RTA. • Where will the investor receive the redemption proceeds through th

0

Posted

• Completed and Signed redemption request stating the Folio no. • Copy of PAN Card of first holder • Copy of PAN Card of each additional holder in case of joint investment • Copy or allotment statement / holding statement/ SOA displaying the scheme holdings to be redeemed • Copy of Guardians PAN Card in case investment is on behalf of minor • Who will verify the signature on the redemption slip? The member shall verify the application for mandatory details, investor identity and verifies the signature on the application against the PAN signature. • What confirmation will the investor get for the order placed through the trading member? The investor will receive from the Trading Member a confirmation slip (which will contain unique confirmation number) generated from the MFSS/ BSE StAR MF front-end system. This will be the proof of the transaction for the investor till the redemption proceeds are received from the RTA. • Where will the investor receive the redemption proceeds through th