I m holding 200 units of mastershare plus 1991 bought for 2000 in 1991. Kindly favour me with the current value and new name of this fund and also how to redeem the same. Thnx
Ans: The UTI Masterplus Unit Scheme merged into UTI Leadership Equity Fund on July 10, 2014. The UTI Leadership Equity Fund subsequently changed its name to UTI Bluechip Flexicap Fund - Growth on December 18, 2015.
Here's how you can redeem your units and get the current value:
Contact UTI Mutual Fund: They can provide you with the latest NAV (Net Asset Value) of the UTI Bluechip Flexicap Fund - Growth and guide you through the redemption process. You can find their contact information on their website UTI Mutual Fund.
Contact your Investment Advisor: If you invested through an advisor, they can help you redeem your units and may be able to provide you with the current value as well.
Important to Note:
Redemption requests are typically processed within one business day after the cut-off time (usually 3 PM) on which they are received. The proceeds will be credited to your registered bank account after applicable charges are deducted.
I hope this helps!
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in