SIR,
I NEED A SUGGESTION FROM YOUR END. ACTUALLY MY UTI MID CAP (SIP) FUND INVESTMENT WILL COMPLETE ONE YEAR IN COMING APRIL, 2017 AND I WANT TO CLOSE IT. NOW WHAT I HAVE TO DO? AS PER MY KNOWLEDGE I HAVE TO FILL UP A CANCELLATION FORM.
BUT TO AVOID THE EXIT LOAD SHOULD I REDEEM THE FUND AFTER APRIL,2018? WHAT IS YOUR OPINION SHOULD I REDEEM IN THIS APRIL (DEDUCTING EXIT LOAD) AND INVEST IN OTHER FUND OR WAIT FOR THE APRIL OF 2018?
2 Answers
Hi,
If your SIP duration is for 12 months, there is no need to submit cancellation form.
Kindly note that units allotted under each SIP should be held for minimum 12 months to avoid Exit load.
May I know the reason why you would like to redeem the units within 1 year?
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