Minimum Balance in funds | Value Research One needs to maintain the stipulated minimum balance in funds in order to stay invested...
Ask Value Research

Minimum Balance in funds

One needs to maintain the stipulated minimum balance in funds in order to stay invested...

I want to know the what is the term Minimum Balance indicates in the mutual funds? Does it have anything to do with exiting the fund?
-G Krishna Kishore

One needs to maintain the stipulated minimum balance in funds in order to stay invested. If your investments go below this value, through any withdrawal or transfer, the AMC can close the account after giving a notice of 30 days. After this the remaining balance is sent to the unitholder.



Have a different question in mind? Ask us


Other Categories