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Need help redeeming 100 Taurus the New shares (physical, 1994)?

Samraat Jadhav |2233 Answers |Ask -Follow

Stock Market Expert - Answered on Feb 10, 2025

Samraat Jadhav is the founder of Prosperity Wealth Adviser.
He is a SEBI-registered investment and research analyst and has over 18 years of experience in managing high-end portfolios.
A management graduate from XLRI-Jamshedpur, Jadhav specialises in portfolio management, investment banking, financial planning, derivatives, equities and capital markets.... more

Question by Pradip on Feb 08, 2025Hindi

Money

I have 100 units of Taurus the New share in physical form since 1994.how to redeem them now ?

Ans: approach AMC office they will help you or you can try mfcentral.com

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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My wife had purchased 200 units of UTI-CCGF in the year 1996. I am not sure what is the value as of today and how these can be surrendered? I have the allocation certificate with me. Let me know where these can be submitted and encashed.

Ans: I can definitely help you with information on UTI-CCGF and the surrender process. Here's what you can do:

Find the UTI Investor Service Center: UTI Investor Service Centers handle investor queries and transactions. You can find the center closest to you through a web search for "UTI Investor Service Center near me" or on the UTI website https://www.utimf.com/.

Contact UTI: Alternatively, you can contact UTI's customer care for assistance. Their phone number and email address should be available on the UTI website.

Documents Required: Have the following documents ready when you contact UTI:

Allocation certificate mentioning the investment in UTI-CCGF.
Proof of identity (your wife's ID proof)
Proof of address (your wife's address proof)
Bank account details (where you want the redemption proceeds to be deposited).
UTI Investor Service Center or customer care can give you the updated value.

Surrender Process: The UTI Investor Service Center or customer care will guide you through the surrender process. It typically involves submitting a redemption request form along with the required documents. The funds will then be credited to your bank account within the specified processing timeframe.

Since the investment was made in 1996, it's possible the scheme might have undergone mergers or restructurings. UTI Investor Service Center can clarify this and guide you accordingly.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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