Mutual funds related FAQs

What does the Scheme Information Document and the Statement of Additional Information means ?

The Scheme Information Document is the information that the AMC (or sponsor) prepares and circulates to prospective investors. It invites subscription to the Units of the Scheme.

The Statement of Additional Information includes details about Principal Mutual Fund, including its constitution, tax and legal information. It also forms part of the Scheme Information Document.

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 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 ?

What does tax saving scheme works ?