Mutual funds related FAQs

What documents need to be submitted with a purchase application ?

The purchase application must be submitted with the following documents, depending on the legal status of each applicant.

Each person must quote his/her PAN and attach the KYC acknowledgment letter from the KYC Registration Agency for any investments, regardless of the amount involved in the purchase of its units.

Instructions for non-resident investors

On Repatriation Basis:
If Indian rupee drafts are bought abroad or paid from debit to NRE/FCNR account, an account debit certificate from the bank issuing it will confirm the debit.

Based on a Non-Repatriation Basis
An account debit certificate from the bank issuing the draft must be attached to the application form in the event that Indian rupee drafts are purchased from abroad or from FCNR/NRE accounts.

Subscriptions must be submitted by debit to the FCNR/NRE account. The application form must be accompanied by a Foreign Inward Remittance Certificate issued from the banker.

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 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 ?