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Sahara Mutual Fund may have wound up operations a long back but some investors are yet to receive their money back. Their redemptions are stuck mostly on account of non-KYC verification.
In case any of your clients' money is stuck with Sahara Mutual Fund, you can help them redeem their units through the following two procedures:
For KYC verified unitholders
As per a notice issued by the fund house, those unitholders who have got their PAN KYC verified can re-apply for redemption by sending a copy of his/her PAN and cheque to the following address:
Sahara Mutual Fund, 97-98, 9th floor, Atlanta, Nariman Point, Mumbai - 400021.
For non-KYC verified unitholders
In case the investor has not done the KYC yet, the process is a little longer. The investor will first have to download CKYC form from the mutual fund's website, fill it and get it verified from the fund house or RTA or a KYD compliant MFD. They have to then send the filled-in form to the fund house to the above-mentioned address along with self-attested copy of PAN and Aadhaar.
The details of unclaimed dividends and redemptions is also available on the website www.saharamutual.com. Investors can know the status of their investment by entering their folio number.
