Mutual funds don't collect 'security money'. It is likely you had invested a lump sum amount to get started
20-Jul-2015 •Research Desk
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.