how much will I recive if I redeem funds

#1
Hi Good day,

Cud anyone please explain with regards to mutual funds as follows :

I have invested some time back Rs,300000 and I keep getting charts to read as below mentioned. Now the Broker who is handling my account when asked how much will I get if I redeem the account.

According to my brokers wording here mentioned below.........


Brokers word :You can redeem your amount you will get is subject to market condition on the day of redemption.


Initial Invest : Rs,3,00000

PresentMarket Value : Rs.4,12930.73

National P&L : Rs.1,12930.73

Abs/XIRR : 37.64


What I would lke to know is if I invested Rs.3,00000 and suppose today's market value is Rs.4,12930.73 will I get after redeeming my funds adding both the amount a total of Rs.7,12930.73.kindly explain if I am wrong.

Thanking you,

Regards,
Dav
 

Rishi001

Well-Known Member
#2
The present market value (412,930) is inclusive of the principle amount that you invested (300K).

Hence the total amount that you would get is approx 412,930.

Regards,



Hi Good day,

Cud anyone please explain with regards to mutual funds as follows :

I have invested some time back Rs,300000 and I keep getting charts to read as below mentioned. Now the Broker who is handling my account when asked how much will I get if I redeem the account.

According to my brokers wording here mentioned below.........


Brokers word :You can redeem your amount you will get is subject to market condition on the day of redemption.


Initial Invest : Rs,3,00000

PresentMarket Value : Rs.4,12930.73

National P&L : Rs.1,12930.73

Abs/XIRR : 37.64


What I would lke to know is if I invested Rs.3,00000 and suppose today's market value is Rs.4,12930.73 will I get after redeeming my funds adding both the amount a total of Rs.7,12930.73.kindly explain if I am wrong.

Thanking you,

Regards,
Dav
 
#3
Dear Rishi001

Thanks alot Dear for taking your time to le me know what the broker ws mentioning me all about redeeming part of amount.

best wishes from my end
David Colasso