Proceeds of any redemption request will be sent only to a bank account that is already registered and validated in the folio at the time of redemption transaction processing.
Any of the existing registered bank account may be mentioned by the investor with redemption request for receiving redemption proceeds. If no registered bank account is mentioned, default bank account will be used for payment of redemption proceeds.
Consequent to introduction of "Multiple Bank Accounts Facility", the existing facility of redemption with change of bank mandate is discontinued by the fund.
If unit holder(s) provide a new and unregistered bank mandate with a redemption request (with or without necessary supporting documents) such bank account will not be considered for payment of redemption proceeds and redemption proceeds will be sent to existing registered bank account only.
Investors are strongly advised to register additional bank accounts with the fund well in advance, using the designated "Bank Accounts Registration Form".
The Fund will not be responsible for sending redemption proceeds without considering unregistered bank account mentioned with the redemption request.