Redemption Related FAQs

FAQs - Redemption Related

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• What is the procedure for redemption?

  Incase you wish to redeem from any of the open ended schemes of DSP BlackRock Mutual Fund; you do so on any business day. You need to complete a transaction slip, which you can download from our website or detach from the end of your account statement. The Application can be submitted at any of our official points of acceptance of transactions.
  
  Alternatively, if you have applied for a PIN and received the same, you can also redeem through the 'DSPBR Online' transacting facility offered by us.

• Where do I submit my redemption request?

  The Redemption request can be submitted at any of our official points of acceptance of transactions.

• What is the value of my investments?

  You can calculate the approximate value of your investments by multiplying the number of units you hold on a particular date with that day's NAV of that particular scheme.

  For example suppose you want to know the value of your investment of 1,000 units in DSP BlackRock Top 100 Equity Fund – (Growth option) on 31st March 2010.

  Let's say the NAV of that scheme for that day is Rs. 91.5260. Multiply the number of units with the NAV of that day (1,000 * Rs. 91.5260) to get the value of your investment, Rs.91,526.00.

• How much money will I receive if I redeem my money today?

  You can calculate the approximate value of your investments by multiplying the number of units you hold in scheme with the latest NAV of that particular scheme. But the same is subject to:

  • Exit load, if any
  • 'Applicable NAV' i.e., the NAV that depends on the day & time when that you submit your redemption request. For example if you are submitting your redemption before the cut-off time on a 'Business Day' as defined in the Scheme Information Document you are entitled to the NAV of the same day.
  • Securities Transaction Tax (STT) ,if applicable

• Will I have to beare any load / charges on redemption?

  If the scheme in which you have invested has any 'Exit Load', the same will be deducted from the 'Applicable NAV' per unit.

• How will I receive my redemption proceeds?

  The redemption proceeds are paid via any of the following modes depending on the investor’s bank, completeness & accuracy of the bank details provided by the investor & his location:

  • Direct Credit through RTGS/ NEFT:
    Redemption proceeds are directly credited to the investor’s bank account wherein we have complete core banking account number of the investor, he has provided IFSC code to us and that particular bank and branch has been enabled for RTGS/ NEFT.
    To have your complete bank details updated with us and to avail of this feature for free, click here right away.
  • Cheques:
    In cases other than RTGS/NEFT wherein we do not have complete bank details, cheques are sent to the investors.