How can the lien on the mutual fund units be removed?
Wednesday, August 30, 2017, 11:16 AM
Once the loan is repaid by the borrower, the financier can ask for removal of the lien and send a request letter to the fund house. A financier can also request for a partial removal of lien in which case, lien on some of the units will be removed and these units are ‘Free’ units. This can happen when Financiers receive part payments.