How to Reedem Mutual Funds


How to Redeem your Mutual Fund Units

The process of 'selling' your mutual fund units is called as 'Redemption. This presentation shows how to redeem your mutual fund units. Most AMCs offer the redemption option on your account statement itself.

Instructions
1
Consult your mutual fund investment statement, which should have a transaction
 slip at the bottom of the page. Instructions for filling out the transaction 
slip and a mailing address for the mutual fund company should be featured on 
the back of the statement so that you can mail it in and redeem your mutual 
fund shares.

2
If you don't wish to redeem your mutual fund shares by mail or have misplaced 
your investment statement, visit the broker that you originally purchased the
 mutual fund shares through. Whether it is a physical broker or an online 
brokerage, you should be able to redeem your shares with very little 
difficulty. If you have a money market account set up through your broker, 
the funds from your redeemed mutual funds will likely be deposited directly 
into that account for you to withdraw or reinvest.

3
Another alternative for redeeming your mutual fund shares is to wait for the mutual fund to reach its maturity date. Most brokers will have an option to let you automatically redeem a mutual fund that has reached its date of maturity, again depositing the money from the mutual fund directly into your money market account. Depending on the brokerage that you use, you may also have the option to use this money to invest in other mutual funds or stocks automatically from your money market.

How to Reedem Mutual Funds,

Paulson & Co Hedge Fund,
Scotia Bank Cayman Islands,
Citigroup Private Bank,

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Financial Express
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mutual funds nearing an annual record
Haaretz
The figure increased the year-to-date total of net new fund-raising to about NIS 19 billion and puts the industry in shouting distance of its 2009 record, when it raised a net NIS 20 billion. All told, the mutual funds count about NIS 170.3 billion in ...
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SEC: Tennessee Mutual Fund Directors Failed to Oversee Asset Pricing
Wall Street Journal
Directors of five mutual funds based in Memphis, Tenn., were accused of failing to meet their responsibilities to oversee the pricing of assets in the run-up to the 2007 financial crisis, the Securities and Exchange Commission said. The funds' managers ...
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Are Mutual Funds Stealing Your Income? - NASDAQ.com
NASDAQ
First things first: There is no such thing as a "free" mutual fund or "free" investment. In my previous days working as a financial advisor, I had a prospective client tell me his mutual fund portfolio wasn't costing him anything. I showedhim the fees ...
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Most Millionaires Continue to Invest in Mutual Funds
Millionaire Corner
Millionaires' investment in U.S. stock mutual funds is essentially unchanged compared to last year, but remains below 2008 levels, according to the latest Millionaire Corner research on the attitudes and behaviors of affluent investors. The majority of ...
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US SEC charges 8 mutual fund directors over asset valuation
Reuters
WASHINGTON Dec 10 (Reuters) - U.S. securities regulators charged eight former mutual fundboard directors on Monday with fraudulently overstating the value of their securities at the brink of the housing crisis. The Securities and Exchange Commission ...
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Emerging-Market Balanced Funds Luring More Investors - WSJ.com
Wall Street Journal
NEW YORK--A small group of emerging-market balanced mutual funds that offer lower volatility are drawing interest from risk-averse investors and their advisers. Asset managers are expected to launch more of these hybrid products, but existing funds are ...
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Guilderland mutual fund hits $100 million asset mark
Bizjournals.com
The Adirondack Small Cap Fund, a seven-year-old mutual fund based in Guilderland, New York, has surpassed $100 million in assets under management. Fund co-managers Greg Roeder and Matt Reiner consider themselves “contrarian” investors.
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SEC Charges Eight Mutual Fund Directors for Failure to Properly Oversee Asset ...
Here Is The City
The Securities and Exchange Commission has announced charges against eight former members of the boards of directors overseeing five Memphis, Tenn.-based mutual funds for violating their asset pricing responsibilities under the federal securities laws.
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Eight Ex-Morgan Keegan Fund Directors Sanctioned by SEC
Bloomberg
Eight former directors overseeing mutual funds for Morgan Keegan & Co. were accused by U.S. regulators of allowing assets backed by subprime mortgages to be overvalued as the housing market collapsed in 2007. The action, filed in administrative court ...
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