Redeemable Balance
a. For folios where Any Time Money card has not been issued.
90% of the Clear Current Value of investments.
b. For folios where Any Time Money card has been issued.
50% of the Clear Current Value of investments, Clear Current Value of investments shall be value of clear units as per last NAV declared. (Number of Clear units x Last NAV declared). Redeemable Balance shall be such balance value of investments after reducing the amount of withdrawal done through ATM/ Redemption / switch out transactions etc. which are pending for unit adjustment, if any. Please note that this facility is not available for un-cleared units, units under lien and units held in Demat mode.
Illustration:
| Any Time Money card not issued folio | ||
| Description | Example 1 | Example 2 |
|---|---|---|
| (A) Clear Current Value of Investments (Current Value of investments less uncleared units and units under lien) | 60,000 | 250,000 |
| (B) Redeemable Balance (A X 90%) | 54,000 | 225,000 |
| (C) Less: | ||
| a. ATM Withdrawal done and pending for Unit adjustment. | - | - |
| b. Redemption / Switch out pending for Unit adjustment. | 10,000 | - |
| c. Amount processed as Instant Redemption for the day (at PAN level) | 10,000 | - |
| Final Redeemable Limit ((B-C) or Rs 50,000, whichever is lower) | 34,000 | 50,000 |
| Any Time Money card issued folio | ||
| Description | Example 1 | Example 2 |
|---|---|---|
| (A) Clear Current Value of Investments (Current Value of investments less uncleared units and units under lien) | 60,000 | 250,000 |
| (B) Redeemable Balance (A X 50%) | 30,000 | 125,000 |
| (C) Less: | ||
| a. ATM Withdrawal done and pending for Unit adjustment. | 2,000 | 50,000 |
| b. Redemption / Switch out pending for Unit adjustment. | 8,000 | - |
| c. Amount processed as Instant Redemption for the day (at PAN level). | 5,000 | - |
| Final Redeemable Limit ((B-C) or Rs 50,000, whichever is lower) | 15,000 | 50,000 |