DHFL Pramerica Mutual Fund Introduces Insta Cash Fund Redemption Option DHFL Pramerica Mutual Fund has launched instant redemption facility for its investors under the growth option of DHFL Pramerica Insta Cash Fund option in Dept Funds category, the fund house announced in newspaper. According to the source, the scheme facilitates their investors for instantaneous redemption through their website. It allows for a minimum redemption of 100 Rupees and in multiples of one Rupee thereafter. All other features of the plan stay unaltered. The date of launching and other details of the instant redemption facility for the liquid fund is not yet clear. Earlier on March 26, DHFL Pramerica Mutual Fund launched daily systematic transfer plan facility under some of its schemes, confirmed a report from the above source. Under the daily systematic transfer plan facility, investors are allowed to daily transfer a fixed amount of their money to any target plan from a source plan. The eligible target plan will be all the open-ended equity schemes, and the source plan falls under the DHFL Pramerica Insta Cash Plus Fund. The minimum instalment amount allowed for all open-ended equity plans except for the fund house’s Long Term Equity Fund will be 100 Rupees and in multiples of 100 Rupees thereafter, with a minimum of 60 instalments. The minimum instalment allowed for the DHFL Pramerica Long Term Equity Fund will be Rs. 500 and in multiples of Rs. 500 thereafter, with a minimum of 30 instalments. In an interview with MoneyControl in January 2017, Mr. Akash Singhania, Deputy CIO and Head Equities, DHFL Pramerica Mutual Fund, said corporate earnings are anticipated to reach 14-15 percent in the succeeding 3-5 years, and that the earnings would remain at 10-12 percent for the next 2 years. Singhania also added that the 14-15 percent earnings growth is possible with entry of GST and with the “clean-up of NPAs in the banking sector,” according to the source report published earlier. Must Read recommended by The post DHFL Pramerica Mutual Fund Introduces Insta Cash Fund Redemption Option appeared first on OWLT Market.