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Mutual fund

dig vijay (ok) (151 Points)

06 July 2012  

I had purhased 900 MF units @ rs.11 nav.

on 31.03.12 i was informed by mf company that i have 850 units  @ rs.14 nav ..though i didnt made any sale during such holding period/...........

is it possible that some how my units can get reduced without any sale????????


 12 Replies

venkatesh (Tax Consultant) (80 Points)
Replied 06 July 2012

Yes as the units are being traded they  keep changing in number and value.

Durgesh Joglekar (Mcom) (11558 Points)
Replied 06 July 2012

No your Units can not be reduced unless you redemeed it.

yes valve (NAV) may change day by day..

so i suggest you to check the statement as on investment date & latest statement.

and ask the company for the reason of reduction of units.

dig vijay (ok) (151 Points)
Replied 06 July 2012

@ venkatesh @ durgrsh  conflicting answers guys ..... plz arrive at conclusions...

 

dig vijay (ok) (151 Points)
Replied 06 July 2012

@ venkatesh @ durgrsh  conflicting answers guys ..... plz arrive at conclusions...

but i think ythat @ durgesh is saying right .. @ venky reasons?????????

 

venkatesh (Tax Consultant) (80 Points)
Replied 10 July 2012

Mutual Funds: A team of Members keep trading in share market and the profit/loss will be given to all the Mutual Fund Holders every date in a unit basis.
 

So the number of Units and the value keep changing along with the unit value

@ durgesh: The value is not necessary to be same as on any date after purchase.

Vikrant Sadana (CS) (167 Points)
Replied 11 July 2012

No. and value of Units "TO BE ALLOTTED" to a mutual fund investor on a particular day, depends upon that days' index of securities in which that mutual fund manager is investing. However, the no. of units "ALREADY ALLOTTED" can not be changed with the fluctuation of market, it will effect only the value of units.

Prof. Bajaj (Author Mentor Motivational Speaker Wealth Planner)   (7375 Points)
Replied 12 July 2012

Mr Dig Vijay,

First of all, I would suggest you to check if its a Mutual Fund or a ULIP that you are holding. 

In case of Mutual Fund, units purchased one cannot reduce in quantity unless redeemed / sold.

In case of ULIPs, the company allots some units in the beginning and later keep eating your units under the name of various charges. 

I agree with Mr. Vikrant and Mr. Durgesh.

In my opinion, Mr. Venkatesh is confused about the value of a unit and the number of units. The value (i.e. NAV) of a unit would change everyday, but in an MF, the number of units alloted to a particular investor will NEVER reduce unless sold. 

Hope this is clear now.

1 Like

venkatesh (Tax Consultant) (80 Points)
Replied 12 July 2012

Thank you Bajaj sir

I was confused really
 

Now i got clarity in mutual funds investment

Prof. Bajaj (Author Mentor Motivational Speaker Wealth Planner)   (7375 Points)
Replied 18 July 2012

You are most welcome Mr. Venkatesh.

intelivisto (E learning solutions provider )   (31 Points)
Replied 01 November 2012

Mutual fund exam sample question paper, online real exam format free demo test with intelivisto.com.

Ramalingam K (Founder & Director - Holistic Investment Planners (P) Limited)   (21077 Points)
Replied 04 April 2013

 

It may look very strange when everyone is advocating Mutual Fund Sip for long term, what is the necessity for this debate on ‘Is Mutual Fund SIP for Short term or long term?’.

 

https://www.holisticinvestment.in/mutualfund-sip

 

Regards,

Ramalingam K, MBA, CFP,

Director and Chief Financial Planner,

Holistic Investment Planners

“Best Performing Financial Advisor Award” Winners from CNBC TV18

www.holisticinvestment.in

 

 

Ramalingam K (Founder & Director - Holistic Investment Planners (P) Limited)   (21077 Points)
Replied 05 April 2013

 

It may look very strange when everyone is advocating Mutual Fund Sip for long term, what is the necessity for this debate on ‘Is Mutual Fund SIP for Short term or long term?’.

 

https://www.holisticinvestment.in/mutualfund-sip

 

Regards

Ramalingam K, MBA, CFP,

Director and Chief Financial Planner,

Holistic Investment Planners

“Best Performing Financial Advisor Award” Winners from CNBC TV18

www.holisticinvestment.in

 

 


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