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SEBI has provided detailed guidelines for the treatment of unclaimed redemption and dividend amounts.

As per circular number SEBI/HO/IMD/DF2/CIR/P/2016/37 dated February 25, 2016 Mutual Funds are mandated to provide on their website the list of names and addresses of investors in whose folios there are unclaimed amounts (redemption/dividend). Mutual Funds are also required to provide information on the process of claiming unclaimed amount(s) and the necessary forms/documents required for the same.

What is an unclaimed redemption or dividend?

Unclaimed dividends or redemptions are amounts that are paid/released by the company but are not credited to the bank account of or claimed by the investor.

The investor can claim these in the following scenarios:

  • The investor is unaware of the dividend declaration
  • The investor has shifted his residence/address and therefore has missed the dividend cheque.

What is the process to claim these amounts?

  • In case an outdated/mutilated demand draft(DD) is available and the bank account remains unchanged, the investor can send the same to our branch/official transaction points with a request letter for reissue. (View list of branches or transaction points) After due verification by KFin Technologies Private Limited (erstwhile Karvy Fintech Private Limited) our RTA, a fresh DD will be issued/obtained and sent to the investor’s registered mailing address.
  • In case demand draft is not available and/or bank details have changed the investor can claim the unpaid dividend/redemption by sending a request to our branch/RTA along with a request letter and an indemnity bond (if RTA is unable to verify the identity or signature mismatch with the records).

Process for Change of Bank Mandate (If any).

  • Cancelled original cheque of the new bank & old mandate with first unit holder name & bank account number printed on the face of the cheque (OR)
  • Self attested copy of bank statement (OR)
  • Bank pass book page with account number, account holder's name and address with current entries not older than 3 month (OR)
  • Bank letter duly signed by branch manager/ authorized personnel (Bank letter should be on its letterhead certifying that the unit holder maintains/ maintained an account with the bank), the bank account information like PAN, bank account number, bank branch, account type, the MICR code of the branch & IFSC code

On receipt of this KFin Technologies Private Limited (erstwhile Karvy Fintech Private Limited), our RTA will verify particulars and thereafter issue a DD against the outstanding balance in its unpaid dividend/redemption. Please note that our RTA/AMC reserves the right to ask for any additional information/documents as deemed necessary to substantiate/validate the investor’s details and/or genuineness of request for release of unpaid dividend/redemption proceeds.

List of branches to submit Claim Form

Ascertain your unclaimed amount (s)
(redemption / dividend) with us

Check for Unclaimed Redemption/Dividends

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Scheme Riskometer**

**Basis portfolio of the scheme as on November 30, 2021


*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

Benchmark Riskometer**

**Basis constituents of the index as on November 30, 2021


*The PRC matrix denotes the maximum risk that the respective Scheme can take i.e. maximum interest rate risk (measured by MD of the Scheme) and maximum credit risk (measured by CRV of the Scheme)

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