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Reetika

Reetika Sharma  |626 Answers  |Ask -

Financial Planner, MF and Insurance Expert - Answered on Apr 09, 2026

Reetika Sharma is a certified financial planner and CEO of F-Secure Solutions.
She advises clients about investments, insurance, tax and estate planning and manages high net-worth individual’s portfolios.
Reetika has an MBA in finance from the Institute of Chartered Financial Analysts of India (ICFAI) and an engineer degree from NIT, Jalandhar.
She also holds certifications from the Financial Planning Standards Board India (FPSB), Association of Mutual Funds in India (AMFI) and Insurance Regulatory and Development Authority of India (IRDAI).... more
Ashok Question by Ashok on Nov 22, 2025Hindi
Money

I have purchased 600 units @ Rs10/ per unit in the month of march 1994. I have certificate of acknowledgement MEP-94. Can I redeem my fund ?

Ans: Hi Ashok,

Yes, you can redeem your fund. The UTI Master Equity Plan 1994 (MEP-94) was merged into the UTI Master Equity Plan Unit Scheme (UTI-MEPUS) in March 2003.
You can redeem your 600 units (or the converted equivalent units) at the current NAV of the UTI Master Equity Plan Unit Scheme.

You can check the current value of your 600 units by looking up "UTI Master Equity Plan Unit Scheme - Growth" on sites like Value Research or Moneycontrol.
Ensure you take the original certificate to the service center to surrender it.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/
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.
Money

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Ramalingam

Ramalingam Kalirajan  |11135 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 26, 2024

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Dear sir, My elder bro invest in reliance equity opportunities fund dividend plan in Feb 2007. We have only hard copy of account statement. And agent was karvy stock broking Please suggest how to redeem all unit. Brother also invest in fidelity equity fund dividend option And Standard charted mutual fund G201 sccef growth Please advise how redeem all We also mail to karvy but no response from their end.pls suggest on this
Ans: Reliance Equity Opportunities Fund (Dividend Plan):

Contact Nippon India Mutual Fund: As previously mentioned, Nippon India manages this fund now. Follow the same instructions as before to contact their investor service department through their website https://mf.nipponindiaim.com/ or phone number.
Standard Chartered G201 SCCEF Growth:

Contact IDFC Mutual Fund: Standard Chartered Mutual Fund merged with IDFC Mutual Fund in 2020. IDFC renamed itself to Bandhan MF NOw. Visit their website https://www.idfclimited.com/our_businesses/idfc_mutual_fund.htm and look for the redemption options for the G201 SCCEF Growth scheme under investor services.
Fidelity Equity Fund (Dividend Option):

Contact HSBC Mutual Fund: Fidelity Mutual Fund transferred its business to Lnt and Lnt mf got merged with HSBC. Look for the investor service section on the HSBC Mutual Fund website (search for it online) to initiate the redemption process for the Fidelity Equity Fund.
Remember:

Provide as much information as possible when contacting the AMCs, including your brother's name, PAN (if available), folio number (if you can find it from old statements), and details about the investment.
The AMCs should be able to guide you through the redemption process, which likely involves a redemption request form. This can usually be done online or offline.
If you can't find the folio numbers, don't hesitate to ask the AMCs for assistance in retrieving them.
Additional Tips:

If you have any old account documents mentioning the AMCs or investment details, they can be helpful.
Consider having your brother contact the AMCs himself if possible, especially if he has any ID proofs associated with the accounts.
Be persistent and keep following up with the AMCs if you face any difficulties.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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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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