Mutual funds related FAQs

What does assure returns schemes means ?

Assured returns schemes are schemes that guarantee a certain return to unitholders regardless of performance.

A scheme cannot guarantee returns unless it is fully guaranteed by its sponsor or AMC. This information is needed in the offer document.

The offer document should be carefully reviewed by investors to determine if the return is guaranteed for the entire scheme period or for a specific period. Some schemes guarantee returns for one year only. They then review it and make changes at the start of each year.

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 ?