BNP Paribas Mutual Fund

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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 the these 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  • In case an outdated/mutilated demand draft(DD) is available and the bank account remains unchanged, the investor can send the same to our branch/official transaction points with a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 Sundaram BNP Paribas Fund Service Ltd 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).

Change of Bank Mandate (If any) process below.

  • 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 Sundaram BNP Paribas Fund Service Ltd, our RTA will verify particulars and thereafter issue a DD against the outstanding balance in its unpaid dividend/redemption. Please note 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

To ascertain your unclaimed amount(s)
(redemption / dividend) with us

Check for Unclaimed Redemption/Dividends

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