Mutual funds related FAQs

In the limit of expense is service tax included ?

A. AMCs can charge Service Tax to the scheme according to applicable tax laws. However, the Regulations limit the amount of Service Tax that they may charge. B.MFs/AMCs can charge for service taxes on investment and advisory fees for the scheme, in addition to the maximum limit TER as per the Regulations. C. Service taxes on investment or advisory fees other than those imposed by Regulations shall be borne in accordance with the Regulations. D. Service tax on exit loads, if applicable, shall be paid out from the exit load proceeds. Exit loads net of service taxes, if any shall be credited back to the scheme. E. Service taxes on brokerage and transaction costs paid for execution trades shall be within the limits prescribed by the Regulations.

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 ?