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Form pertaining to Employee Unique Identity Number (RUIN) box in the Application Form / transaction slip for subscription of Units in the Scheme(s) of LIC Mutual Fund To, LIC Mutual Fund I / We hereby.
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Applicants FAQ
You must complete and submit a withdrawal request form if you want to withdraw offline. The state would be given to the Asset Management Company by the broker. On the other hand, you may also redeem online if the broker provides a service online through a site or mobile app.
You simply have to log-on to the 'Online Transaction' page of the desired Mutual Fund and log-in using your Folio Number and/or the PAN, select the Scheme and the number of units (or the amount) you wish to redeem and confirm your transaction.
ing to the LIC brochure: Guaranteed Surrender Value = 30% X Total premiums paid. The first-year premiums and all the added premiums or premiums for accident benefit or the term rider are excluded from the same.
List of Lic Mutual Funds in India Fund NameCategoryRiskLIC MF Nifty 50 Index FundOtherVery HighLIC MF Debt Hybrid FundHybridModerately HighLIC MF Savings FundDebtLow to ModerateLIC MF Banking & PSU Debt FundDebtModerate12 more rows
The biggest advantage of investing in mutual funds is liquidity. Thus, you can redeem your fund units at any time. In case of emergencies, you need not worry about timing your exit. You can simply exit the investments to meet your emergency needs.
What is Transact Online. Transact Online is a service offered on http://.licmf.com for investors of LIC Mutual Fund whereby they can Purchase, Redeem or Switch units online. They can also view their Account Details, Transaction Details and Statement of Account online.
A switch from existing fund to another fund can be made using a transaction slip. Details such as the transferee scheme/plan/option details and the units /amount that are to be transferred need to be mentioned. Redeem investments with transaction slip. Amount or units to be redeemed must be mentioned.
In case the User desires to redeem, he/she has to approach his/her depository participant and submit necessary form/s. As an alternative, redemption request can be placed through depository participants & Exchanges specified intermediaries where NSE MFSS/ BSE STAR platform is available for trading of mutual fund units.
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