A Mutual Fund is a trust that pools together the savings of a number of investors who share a common investment objective. The fund manager invests this pool of money in securities ranging from shares and debentures to money market instruments or in a mixture of equity and debt, depending upon the objectives of the scheme.

PAN Card,  Aadhar Card and KYC

The requirement of PAN CARD applies to all investors and also Power of Attorney (POA) holders

KYC will be applicable for all transactions.

A charge paid when an investor buys/sells a fund. There could be a load at the time of entry and/or exit.

Redemption price is the price received on selling units of open-ended scheme. If the fund does not levy an exit load, the redemption price will be same as the NAV

Mutual Funds provide the investor with an option to shift his investment from one scheme to another within the same fund house subject to loads.

Yes, TDS will be deducted on Dividend payments for both Resident as well as NRI’s.

Yes. Currently, you can appoint maximum 2 persons as Joint Holders along with the FIRST HOLDER on joint basis or anyone or survivor basis

An individual who is 18 years or above and who has a PAN card can be registered as Joint Holder.

Yes, Minor can invest in Mutual Funds through a Guardian.

Minor investor does require KYC along with the Guardian KYC.

No, Minor application is only in one name and can be invested through the Guardian.

Yes, you can transact at any time of the day. However, in order to get the NAV of the current day you would have to transact before the cut-off time of the scheme.

Yes, Non-Resident Indians can also invest in mutual funds.

A systematic investment plan is one where an investor contributes a fixed amount weekly, monthly or quarterly. The amount is directly debited from the investor’s bank account.

NAV is the Net Asset Value of the fund.

No. Under the Wealth Tax Act, mutual fund units are exempt totally from Wealth Tax.

You can find the Application Form from the respective Mutual Fund House or under the Download Forms option. Click on the required form and chose the ‘Save’ option from the dialog window.

A good expert should be able to give you a comprehensive plan that can cover all of your objectives and an appropriate asset allocation. They have experience in dealing with various financial products, which would help them in making the right recommendations to you.

Ask the financial advisor about their experience with handling cases that could be similar to yours. Ask them about their credential and education and then move on to their services and array of products. Inquire about their pricing structure and compensatory charges. At last, please do some research on your own to know whether they are reliable and have a good status.

Look into several recommended and reputed advisors that match your investment model and pattern. See whether they are open about their fees and record. Focus on getting references from the advisor and ask around to know if they’re trustworthy.

Usually, people go for a six monthly to annual portfolio review and assessment. Although, it would be wise to ask your advisor to suggest a schedule based on your circumstances or if you have any substantial financial changes planned in the future.

Any reliable financial advisory services provider is obligated to put the goals and interests of their clients ahead of their own. This is known as fiduciary responsibility or accountability. Brokers and agents could be licensed and would be regulated by the authorities, but they have no fiduciary accountability towards their clients. Advisors, on the other hand, are less likely to use hard sales strategies.

It’s very important, as all your investments should be available for view and analysis at a press of a button. They should also have a strong back end team to assist you in providing all the information regarding your investments.