Surrender or Selling your Mutual fund is call Redemption. It's a easy process to sale/redeem your mutual fund unit.
You can redeem all or part of your units any time you wish.
Fill up mutual fund redemption form (Transaction Slip). This form is available from the mutual funds AMC office or can be downloaded from Internet itself. You will have to go to their office in person. You can also go to the nearest CAMS/Karvy office and fill up the redemption form directly from there.
The
redemption form is vary easy to fill and all you need to put investor
name, Folio no, Scheme Name, number of unit redeem. (if you redeem all
money write "All unit " ) and Just submit to Mutual Fund house or
registrar.
All Mutual Fund Redemption Form (Transaction Form)
Contact us for Financial Advise in Pune Area. Email : raj402551@gmail.com call : Rajendra 8007750904
Contact us for Financial Advise in Pune Area. Email : raj402551@gmail.com call : Rajendra 8007750904
useful article
जवाब देंहटाएंWhether the amount receivable on SURRENDER of mutual fund unit (not the income from mutual fund) is taxable or not.? If yes, is there any exemption or deduction for individual assessee.?
जवाब देंहटाएंMutual Fund Equity Scheme is Tax Free & Non- Equity Scheme is Taxable.
जवाब देंहटाएंEquity Scheme
Short Term Capital Gain (below 1 Year) 16.995%
Long Term Capital Gain (above 1 year ) Nil
Non- Equity Scheme
Short Term Capital Gain (below 1 Year) -As per applicable Slab
Long Term Capital Gain (above 1 year ) 11.33%
Are you interest more details - I send you Mutual Fund Tax Reckoner PDF File
mail me : rajendra at puneinvest.com or
raj402551at gmail