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Funds don't Collect Security Money

Mutual funds don't collect 'security money'. It is likely you had invested a lump sum amount to get started

Will I get back the ₹5000 initial security money back if I exit from Franklin Smaller Companies Fund?
- Alka Jaiswal

Mutual funds do not collect any 'security money' at all. It is likely that you had invested a lump sum amount of ₹5000 for the purpose of obtaining a folio number under the scheme after which you started SIPs. If this is so, you can redeem your investments at any time. It is advisable to check the current value in your account statements.

This article was originally published on July 20, 2015.

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