Nimesh Shah, MD & CEO, ICICI Prudential Asset Management Company, answers your questions
The SIP (systematic investment plan) in my mutual fund got over last month. Can I continue to keep money in the fund without redeeming or continue with the SIP? Can the fund house force me to redeem the money?
Ideally, you can continue investing through SIPs. SIP is a preferred tool to help you build an investment corpus for a long-term horizon. Your investment in SIP cannot be redeemed against your will, and you can continue to benefit from long-term wealth creation.
I had invested in an equity mutual fund about seven years ago but don't remember the folio number now. I have lost the documents too. How do I get back my money?
You can directly approach the investor service centre of the asset management company (AMC), by using your personal details such as name, PAN and bank details, the AMC would trace your folio number and send your account statement.
