Mutual funds related FAQs

Can a mutual fund change the terms of the scheme of offer document ?

Yes. There is no change to the terms or nature of the scheme. These are known as the fundamental attributes of the scheme. structure, investment pattern, etc. No communication can be sent to unitholders and an advertisement in the English language newspaper and one English daily with nationwide circulation is placed. If they don't want to continue the scheme, the unitholders can opt out at the current NAV and without incurring any exit charges. Mutual funds must also follow the same procedure when converting the scheme from a closed-ended to an open-ended scheme or in case of change in sponsor.

Who can be eligible for investment in mutual funds ?

What does Net Asset Value (NAV ) refers to ?

What does Purchase Price means ?

What does Redemption Price means ?

What does Exit Load means ?

What does the Scheme Information Document and the Statement of Additional Information means ?

What is the importance of the Scheme information Document and Statement of Additional Information to investors ?

What does cut - off timing means ?

What does Current Value of investment means ?

When Net Asset Value is announced ?

After making investment ,how i will receive my account statement ?

What can a person do if he does not receive account statement ?

What are the steps for Redemption ?

What Systematic Investment Plan (SIP ) does works?

What Rupee Cost Averaging does works ?

Can an investor have directly redemption proceeds to his bank account ?

What documents need to be submitted with a purchase application ?

What is the history of indian mutual funds and role of SEBI in mutual funds in India ?

In what form mutual fund is set up?

What does sector specific funds work ?