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| Turnaround time for redemption proceeds |
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| WHEN CAN I EXPECT THE PROCEEDS? |
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| LIQUID SCHEMES |
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ACROSS THE COUNTER (T+ 1) FACILITY |
(currently available in AHMEDABAD, BANGALORE, CHANDIGARH, CHENNAI, COCHIN, COIMBATORE, HYDERABAD, INDORE, JAIPUR, KANPUR, KOLKATA, LUCKNOW, LUDHIANA , MUMBAI, NEW DELHI, PUNE, SURAT, VADODARA.) |
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Investors in liquid schemes can avail of the Across the Counter facility. Through this facility the AMC endeavours to ensure that investors get the redemption proceeds on the end of next business day subject the redemption being submitted up to 12:00 Noon at any official transaction point. |
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Direct credit of proceeds |
Investors with bank accounts in the following banks (Standard Chartered Bank , HDFC Bank, ABN AMRO Bank, HSBC Bank, Axis Bank, ICICI Bank, IDBI Bank, Deutsche Bank, Citibank, Kotak Mahindra Bank, Indusind Bank, Yes Bank, Centurian Bank Of Punjab, Societe Generale ) can expect the redemption proceeds by the end of the next business day irrespective of the city they reside in. |
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| DEBT SCHEMES |
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Redemption proceeds are dispatched either out of the nearest AMC office or in towns where the AMC does not have a office in, from CAMS Chennai, on the very next business day of submitting a redemption request before 3:00 pm at any official transaction point. |
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Direct credit of proceeds |
Investors with bank accounts in the following banks (Standard Chartered Bank , HDFC Bank, ABN AMRO Bank, HSBC Bank, Axis Bank, ICICI Bank, IDBI Bank, Deutsche Bank, Citibank, Kotak Mahindra Bank, Indusind Bank, Yes Bank, Centurian Bank Of Punjab, Societe Generale ) can expect the redemption proceeds by the end of the next business day irrespective of the city they reside in. |
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| EQUITY SCHEMES |
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Redemption proceeds are dispatched either out of the nearest AMC office or in towns where the AMC does not have a office in, from CAMS Chennai, on the third business day of submitting a redemption request before 3:00 pm at any official transaction point |
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Direct credit of proceeds |
Investors with bank accounts in the following banks (Standard Chartered Bank , HDFC Bank, ABN AMRO Bank, HSBC Bank, Axis Bank, ICICI Bank, IDBI Bank, Deutsche Bank, Citibank, Kotak Mahindra Bank, Indusind Bank, Yes Bank, Centurian Bank Of Punjab, Societe Generale) can expect the redemption proceeds by the end of the third business day irrespective of the city they reside in. |
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