ways to redeem mutual fund?

i read in a mutual fund article that when one wants to redeem his mutual fund amount, to get the tax benefit there should be a gap of 1 year between last SIP debit date and redumption date. Can we reddem the entire amount ? what are the ways like SWP or any other way is there?

When to Redeem Mutual Fund Money?

I have invested in Tata Infrastructure Fund. Right now [as on July 2011], the returns are very less based on the current market. I have a need for money now, but can manage. Can I wait for another 3-4 months and is there any chance that the market will raise and the value will increase? Thanks for your valuable time and support.