Mutual funds related FAQs

What are the steps for Redemption ?

The Investor must complete the redemption application. It is usually found in the footnote to the account statement. If the mode of holding was "joint", it must be signed by all account holders. If the mode of holding was "anyone or survivor", then the application can be signed by any account holder. Send the completed application form to the nearest Investor Service Centre. The application form must be returned to the Investor Service Centre. Once received, units will be redeemable at the redemption price applicable on the date the application was received by the Investor Service Centre. If your application is not received by the deadline, the transaction date applicable to the transaction would be the next day.

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 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 ?

What does tax saving scheme works ?