Mutual funds related FAQs

What does Direct Plan work ?

SEBI has required mutual funds to launch a direct plan, which is a plan that allows direct investments. Direct investments are those not routed through distributors, and this was mandatory starting January 2013. This separate plan is exempted from distribution expenses, commissions, etc. and has a lower cost ratio. A separate NAV is also available for the plan. You can invest in lump sums, i.e. You can either make a lump sum payment or use a Systematic Investment Plan.

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 ?