How can I exit my segregated fund holdings?
A mutual fund may segregate some of its holdings in fixed income instruments in case of a default of the principal or interest due. This leads to an NAV reduction in the mutual fund scheme. Parallelly, new units of the segregated fund are credited to the holders of the mutual fund as on a specified record date.
In case you have segregated mutual fund units in your portfolio, you can exit them directly through your holdings on Kite:
1. The segregated mutual fund will not show up in the Kite marketwatch search results.
2. You will be able to place a sell order only if an LTP is available for the segregated mutual fund scrip.
3. Buy orders for segregated mutual fund units are blocked on Kite.