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Q.

I was investing in BNP paribas Sundaram Tax Saver MF from past 3 maonths. But now I have cancelled it. Please tell me when will I get my money back. Will my money be further deducted on next due date. Thanks in advance........Reply soon

About: Money

Tags: thanks, money, tax
Asked by Vinod Joshi, 17 Sep '10 12:37 pm
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Answers (5)

1.

Tax Saving Scheme of Mutual Funds have a lock in period of 3 years. It is a good investment option with participation in equity with tax benefits. You will not get money back immediately and have to wait for completion of 3 years. if you want to discontinue than you have to give application to MF house in prescribed form.
Answered by Pankaaj Maalde, 17 Sep '10 03:59 pm

 
  
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2.

Why have u done that ?
it is one of the better performing funds. you may file for redemption either with cams/ online or thru your broker. In t+ 3 days, you will get your money back less on NAV basis less any exit load that is applicable plus a security transaction tax
Answered by abhishek verma, 17 Sep '10 02:34 pm

 
  
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3.

Did u take any loans from that organisations
Answered by santhosh, 17 Sep '10 01:37 pm

 
  
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4.

Hello vinod, did u invested directly or through distributor, if any distributor than contact him , take his advise otherwise contact ur local sundaram amc office than their executives will give u advise.
Answered by TELUGUNTLA BALA VISWANADHAM, 17 Sep '10 01:33 pm

 
  
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5.

After completion of 3 years from last premium paid
Answered by Dron Singh, 17 Sep '10 12:39 pm

 
  
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