Uti mutual fund redemption form

Form for Reissuance of Dividend / Redemption Payment

This form should be filled in capital letter in english.this fprm should be addresses to UTI Mutual fund.

Step one

The first step includes filling in the holders information. This folio number , name of the sole holder this is the first holder. This stage should also include scheme or plan or option.

Step two

The second step include filling in the reason for the request of reissuance. This includes misplaced ir lost , validity . not received , mutilated, correction, validity expired , any other , change in bank detail , correction.the is also optio of changing the account adress. It is requested forms should be filled in duplicates cheques.one should be presented to the bank one should be retained by the investor who is redeming his/her investment.

Step three

This includes the payment details

This include filling in the payment details. This includes nature of payment ,amount of money to be redemded , date of instrument and the instrument number.

Step four

The forth step includes any update on your contant information. This includes, your mobile No, PAN and Email number. For the PAN you have to attach a copy of your PAN card.

Step Five

This step includes the declaration of the unit holder, the second holder and the third holder. This are should be dualy stamped. It is worthy to note that the original cheque can be issued in Rs and should not be more than Rs 500.

Step six

This step includes signature of the fund holder, the name of the designated bank branch and the date when the date of the signing of this certificate.

Step Seven

This includes acknowledgment of the form for reissuaance of dividend. Tthis includes subject verification, received and form for rissuarance. The investor will have to fill from who the funds are received and their associate Folio No.

It is worthy to note that all funds held within UTI mutual fund are subject to market risk. It is quite essential for an investor to learn all about this funds before investing in them.

Some of the additional considerations when selling this funds includes:

Back-end loads

For investors with a fund, which charges a back-end load, you should note that the total you will receive when selling your unit will be affected by this. Front-end loads are fee, which are charged when you will first be investing into this fund. When you have a front-end sale charge of 2% your investment will be reduced by this percentage when investing. When your fund has a back-end load of this percentage, this percentage will be reduced from the total redemption value. Many mutual funds usually have a back-end when you are liquidating your fund earlier.

Tax consequences

When mutual fund gain significant capital gain you might be subjected to gains taxes if the fund is hold within a taxable account. If you redeem units of a fund with a high value than the total cost, you will have a taxable gain.

Currently most investors don’t hold certificate which represents their shares. They mostly leave their shares with their broker, other entity or mutual funds. In this instance, the averaging rule does apply.