How-to transaction reversal AMC error

How to request transaction reversal on mutual fund

From WebNotes, a public knowledge base. Last updated . Reading time ~3 min.

Transaction reversal on MF is possible for AMC errors but rare for investor errors. AMC has discretion based on the specific scenario.

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Step-by-step procedure

See the procedure infobox above.

Reversible vs non-reversible scenarios

ScenarioReversible?
AMC’s system glitchYes
Wrong NAV appliedYes
Duplicate processingYes
Investor’s wrong amount entryRarely
Investor’s wrong scheme selectionRarely
Market loss after subscriptionNo

See also

External references

References

  1. SEBI (Mutual Funds) Regulations, 1996.
  2. AMFI Best Practice Guidelines on transaction handling.

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WebNotes is independent. No relationship with any broker, registrar or bank named in this article.