Terms And Conditions for Instant Redemption Facility

Last modified: October 15, 2016 (view archived versions) (The hyperlinked examples are available at the end of this document.)

1. Instant redemption available only for Resident Individuals

2. Instant Redemption Facility (‘facility’) is currently available only in ABSL LIQUID FUND and ABSL OVERNIGHT FUND

3. In order to avail this facility, complete CBS (Core Banking System) account number should be registered in the folio along with IFSC code and the Investor’s bank should be IMPS (Immediate Payment Service) enabled.

4. This facility is currently only available on digital platforms (website- www.mutualfund.adityabirlacapital.com; Mobile Application etc.) of Aditya Birla Sun Life AMC Ltd (‘ABSLAMC’). ABSLAMC reserves the right to extend the same to any other official point of acceptance and digital platform.

5. Investor can submit redemption only in terms of amount. Minimum Redemption amount shall be Rs.100/- and in multiples of Re.1/- thereafter.

6. The maximum amount of redemption that can be placed in a single day via this facility is 90% of the current value of available units or Rs. 50,000 per day whichever is lower.

7. The investor can submit more than one request in a single day subject to the maximum redeemable limit available.

8. In case of receipt of a physical redemption request in addition to submission of Instant redemption request in the same folio on the same day, the residual units available after processing of all the Instant redemption requests would be considered for the physical redemption request. In a scenario where there is insufficient residual balance to honour the entire physical redemption request, the request would be processed for all available residual units.

9. If the Instant Redemption payout could not be processed due to IMPS rejection, the Instant redemption request shall be cancelled in the folio.

10. This facility shall not be available for units held in demat mode.

11. The cut off timings for NAV applicability for instant redemption facility shall be applicable as under:

• where the application is received up to 1.30 pm – the lower of (i) NAV of previous calendar day and (ii) NAV of calendar day on which application is received;

• where the application is received after 1.30 pm – the lower of (i) NAV of calendar day on which such application is received, and (ii) NAV of the next calendar day

SEBI guidelines on uniform cut off timings for NAV applicability for redemption shall be applicable for regular redemptions

The Cut-off timing for applicability of Net Asset Value (NAV) in respect of purchase in Aditya Birla Sun Life Liquid Fund is 01.30 pm.

12. The ABSLAMC reserve the right to discontinue/ modify/ alter/temporary suspension of the said facility without any prior notice or without assigning any reasons thereof on a prospective basis subject to compliance with the prevailing SEBI guidelines and regulations.

13. As per the recent SEBI circular dated September 20, 2019, there will be an exit load applicable for units allotted on purchases or switch-ins (including through systematic investments under existing enrolments / registrations) on or after October 20, 2019, in Aditya Birla Sun Life Liquid Fund (an open ended Liquid scheme). The details of the exit load are as follows:

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