Should there be a minimum amount and units for redemption in mutual funds before you can redeem it?
And out of topic, are you aware of what could be the impact of GST bill on mid and small cap? Could it boost the segment further?
Thanks & Regards,
Yes, there are some minimum requirement for redemption. But it is not uniform among mutual fund companies. For example, in case of HDFC AMC, for Schemes other than Liquid Schemes the minimum redemption amount will be Rs.500 and in multiples of R1/- thereafter. For liquid funds, the minimum redemption amount will be Rs.5,000 and in multiples of R1/- thereafter.
Same way for Reliance AMC, minimum amount of Rs.100 or any number of units.
So it is slightly differ from AMC to AMC. Hence, check with your AMC and confirm the same.
No need to bother about GST. News based ups and downs common. Don’t bother too much.