1Redemption procedure
- There is a lock-in period of 6 months after investing date for every NIF investor.
- Investor can claim redemption anytime after the 6 month completion of the lock-in period.
- Investors who request for redemption before 12th of the Month, gets redemption as per the NAV as on 12th of the month.
- Investors who request redemption on or after 12th of the month but before 29th of the month, gets redemption as per the NAV as on 30th of the month. In case of February month, any redemption request before 27th of the month is entertained with the NAV as on 28th of the month.
- Redemptions can take up to 14-21 working days to reflect in your bank account.