Friday, September 21, 2012

How to get Instant Access to your Reliance Mutual Fund Investment



For your investment in Reliance Mutual Fund, you can now Get Instant access of NAVs, Scheme Balances, Dividend Alerts, Transaction Alerts, SIP debit Alerts, Alerts on change of details, all through SMS on your registered mobile phone.



 You don't pay any additional charges for any of these messages, just the standard SMS price.

Simply send below SMS to 966 400 1111 get SMS instantly.






To register your mobile Number for Alerts on SMS:
You can submit a written registration form duly signed and send it to the nearest RMF branch 'click here' to download Registration Form.




Or

Call the call center -1800-300-11111

Email and Mobile Number Registration Form




Thursday, September 20, 2012

KYC Update - IF Process done prior to 1st Jan 2012



As you are aware, uniform Know Your Customer (KYC) is implemented across all intermediaries of SEBI effective 1st Jan 2012 in accordance with SEBI circulars dated 22nd Aug 2011, 5th Oct 2011, 2nd Dec 2011 and 23rd Dec 2011.

INDIVIDUAL INVESTORS WITH CVL KYC PRIOR TO 1st Jan 2012


If you are an individual investor and have done KYC with CVL prior to 1st Jan 2012, then you are requested to fill up Section A and B in the  KYC details Change form (CVL-KRA KYC Change Individual Form) and submit the same to the nearest Cams or Karvy offices. 





Based on representation by AMFI, SEBI has permitted mutual funds time up to 30th Nov 2012 to obtain missing/not available KYC information and also complete In-Person Verification (IPV). Therefore, mutual fund investors will need to complete the above formalities in order to enable them to invest in a new mutual fund post 30th Nov 2012. 


Also refer


Revised kyc norms for old kyc holders - Do it again in Person

 

NON INDIVIDUAL INVESTORS WITH CVL KYC PRIOR TO 1st Jan 2012


If you are a Non individual investors and have done KYC with CVL prior to 1st Jan 2012, then you are required to do fresh KYC by 30th Nov 2012. Please fill the enclosed KYC form and annexure (KYC Application Form- Non-Individual), and submit it to the respective Cams or Karvy office, along with the documents mentioned on the reverse of the KYC form.


NON KYC COMPLIANT INVESTORS


If you have not done KYC in past, kindly fill up the enclosed KYC form (KYC Application Form –Individual, KYC Application Form- Non-Individual),   submit it to the respective Cams or Karvy office along with the documents mentioned on the reverse of the KYC form. KYC is a mandatory requirement to invest in Mutual Fund.




Also refer:

Process for change of address in mutual funds after KYC Compliant??

 How to change email address in mutual funds in India

 

Saturday, September 15, 2012

What is the procedure for updation of Multiple Bank details in mutual funds in india??





The individual investors can register upto 5 bank accounts and non-individuals upto 10 bank accounts under a single folio. 

The investor has to submit the required form and any one of the following documents in support of the bank account details:
  • Cancelled Cheque leaf, or,
  • Copy of Bank Statement of recent 3 months, or,
  • Copy of Bank pass book containing account number , account holder’s name & address.
Note: For registration of additional bank details, supporting documents with respect to existing bank details have to be provided.

Also refer:

Process for change of address in mutual funds after KYC Compliant??

 How to change email address in mutual funds in India



For change of new bank account in place of old bank account you require:

A written request duly signed by all investors should be submitted to the nearest mutual fund office, or Investor service center along with the below mentioned supporting documents

The following supporting documents are required:

– Proof of New Bank account
– Proof of Existing Bank account
– Proof of Identity 



Proof of New Account & Existing Account

Any one of the following documents:

– Cancelled cheque (in original) or self attested copy of cheque leaf.
OR
- Self attested copy of bank statement / bank passbook 

Proof of Identity

Self attested copy of any one of the following documents, valid at the time of submission and having photograph of the investor who is requesting for change:
  • PAN Card
  • Driving License
  • Voter Identity Card
  • Passport
  • Govt Defence Identification Card
  • Senior Citizen / Freedom Fighter Card issued by Govt
  • Photo Debit Card
  •  
 Multiple Bank Accounts Registration Form





Tuesday, September 11, 2012

Online Investment in Mutual Funds in India!



Query of blog Reader:

I am new to invest in mutual funds and no idea about the process/procedure to invest in MF.
I am planning to invest in HDFC top 200, Franklin India Blue chip and DSP block rock MFs.
I have PAN, KYC documents and net banking facility.
Below are my queries.
1) what are the documents/form require to invest in MF
2) first time, Can I pay invest amount directly to AMC by online.
3) when I will get the folio number
4) when can I eligible to pay SIP amount by online
5) how to the userid, password and any other identification details when I pay SIP amount by online.

Can you pls help to provide all details and include related screens if possible.


Thanks you.


Reply:

1) what are the documents/form require to invest in MF
  You require
 1. Permanent Account Number (Pan card)
2. KYC Complied status

 
2) first time, Can I pay invest amount directly to AMC by online.

No, You can't.

You have selected HDFC, FT and DSPBR Mutual fund  for your investment in mutual fund.

I checked websites of above three mentioned mutual funds. 
In HDFC Mutual fund and Franklin Templeton Investments, if this is your very first investment in mutual funds then need to fill up an application form and submit to any of our investor service center and along with that also apply for online access.

In HDFC Mutual fund to do online transaction you need:
 
  • An existing folio
  • An email ID
  • HPIN (HDFC Personal Identification Number).
 

In DSPPBR Mutual fund:
 
New Investors not having a folio:
Apply to get a Folio and PIN: New Investors who wish to open an account can apply for a zero balance folio and PIN using a dedicated “PIN Form (for New Investors)” and submit duly filled form to any of
DSPBR mutual fund offices.
Create User Id to Login: Upon receipt of Folio number and PIN, new investor has to create a User Id in DSPBR Online to log in using the folio number and PIN. 

 In Franklin Templeton Investments

 If you would like to invest in FT, please fill up an application form and submit to any of our investor service centers.
 
3) when I will get the folio number

This is going to be one time process, Visit nearest mutual fund office fill the application form and do purchase (lumpsum)or sip , so this helps you to create folio in that mutual fund.


4) when can I eligible to pay SIP amount by online

When you become existing investor in that mutual fund scheme.

5) how to create userid, password and any other identification details when I pay SIP amount by online.

That process is very easy, even i have 3-4 blog positing on these topics, you can refer those,  or if you need any other help feel free to ask.

Refer these links 

How to go online to invest in mutual funds in India?



How to create online access for your Franklin Templeton Investments.




 

 

Sunday, September 2, 2012

Merger of Tata Life Sciences and Technology and Tata Services Industries into Tata Equity Opportunities with effect from Sep 14, 2012.



Tata Mutual Fund has announced the merger of Tata Life Sciences & Technology Fund and Tata Services Industries Fund into Tata Equity Opportunities Fund with effect from 14 September 2012.

The existing unit holders, who do not approve of the above merger, have an option to exit the schemes anytime before 14 September 2012 without paying any exit load.

However, the unit holders who choose to remain invested in Tata Life Sciences & Technology Fund and Tata Services Industries Fund shall be allotted units of Tata Equity Opportunities Fund at applicable NAV as on 14 September 2012.

Popular Posts (all time)

My Blog List