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Mutual funds related FAQs

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What does Fund of Funds scheme means ?

FoF schemes are schemes that invest primarily in the same mutual fund scheme or another mutual fund scheme. FoF schemes allow investors to diversify more by investing in one scheme. It spreads risk across a wider universe.

What does tax saving scheme works ?

These schemes offer tax discounts to investors in accordance with specific provisions of Income Tax Act, 1961. This is because the government offers tax incentives to invest in certain avenues. For example. Equity Linked Savings Programs (ELSS). These mutual funds …

What does sector specific funds work ?

These funds/schemes invest only in securities from the specified industries or sectors as stated in the offer documents. E.g. Software, Pharmaceuticals, Software and Fast Moving Consumer Goods, (FMCG), Oil stocks, etc. These funds' returns are affected by the performance of …

In what form mutual fund is set up?

A trust is used to establish a mutual fund. It has trustees, sponsors, AMCs and custodians. A sponsor, or multiple sponsors, who are similar to the promoter of a company, establishes the trust. The mutual fund's trustees hold the property …

What is the history of indian mutual funds and role of SEBI in mutual funds in India ?

Unit Trust of India was India's first mutual funds established in 1963. In the early 1990s, government allowed public sector banks and institutions the establishment of mutual funds. In 1992, Securities and Exchange Board of India was established. There are …

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 …

Can an investor have directly redemption proceeds to his bank account ?

An investor can have the redemption proceeds credited to his bank account if he has an account at a designated bank for direct credit. Direct credit procedures may differ from one fund to another.

What Rupee Cost Averaging does works ?

Rupee Cost Averaging doesn't produce dramatic, sudden profits, but it generates long-term growth despite market fluctuations. Investors can take advantage of Rupee Cost Average by choosing a Systematic Investment Plan to a Mutual Fund Scheme.

What Systematic Investment Plan (SIP ) does works?

Systematic Investment Plan (SIP), a time-tested strategy, is designed to help investors build wealth over the long-term in a systematic manner and plan for a better future. These are some of the benefits that this disciplined approach to investing offers: …

What are the steps for Redemption ?

The Investor must complete the redemption application. It is usually found in the footnote to the account statement. If the mode of holding was "joint", it must be signed by all account holders. If the mode of holding was "anyone …

What can a person do if he does not receive account statement ?

After you have made an Investment with the selected Mutual Fund, you will receive a transaction confirmation via E-mail/SMS within five business days. Redemption Warrants: The Warrants must be sent to you within 10 days of the transaction date. In …

After making investment ,how i will receive my account statement ?

After you have made an Investment with the selected Mutual Fund, a transaction confirmation will send to you via E-mail/SMS within five business days of your application being received. A Consolidated Account Statement, which includes all transactions between Mutual Funds, …

When Net Asset Value is announced ?

Net Asset Value (NAV ) is announced at or before 9 pm in the evening on any business day, depending upon the scheme type

What does Current Value of investment means ?

The Current Value of Investment refers to the 'Market Value' of an Investment based upon the NAV of the Investment on the day the Scheme was invested. Scheme - Plan of a Mutual Fund

What does cut - off timing means ?

The cut-off time is the time that an investor must submit/file his/her application form in order for the submission/lodging date to be considered the transaction date. The next business day applies to applications that are submitted or lodged after the …

What is the importance of the Scheme information Document and Statement of Additional Information to investors ?

The Scheme Information Document & Statement of Additional Information (or Statement of Additional Information) is the best source of information for a prospective or new investor. Supplemental Information and Contents of the Scheme Information document - Scheme Information Document shall …

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 …

What does Exit Load means ?

Exit Load refers to a charge a scheme collects when it buys back units from unit-holders. This is also known as "Repurchase load". It is also known as "Repurchase Load". Exit load applies for a specified period starting at the …

What does Redemption Price means ?

This is the price at which Open Endded schemes can repurchase units, and Close-Ended scheme redeem units upon maturity. These prices are NAV-related.

What does Purchase Price means ?

The Purchase Price refers to the price that an investor pays for investing in a scheme. It is also called the Offer Price.

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