Viveka Articles

Make note of new disclosure requirements (CAMS Viveka 23rd November, 2015) 

Towards compliance with tax information sharing laws put in place in recent times, all financial intermediaries are mandated to seek information from account holders.

http://www.thehindubusinessline.com/portfolio/mutual-funds/make-note-of-new-disclosure-requirements/article7905666.ece
Mutual fund investing for minors (CAMS Viveka 16th November, 2015) 

A guardian may hold the investment on behalf of the minor Many funds have plans exclusively targeted at investments for minors. Here are guidelines for investing in mutual funds on behalf of a minor.

http://www.thehindubusinessline.com/portfolio/mutual-funds/mutual-fund-investing-for-minors/article7880737.ece
Easy ways to manage your fund holdings (CAMS Viveka 4th October, 2015) 

Register your email ID and mobile number, and voila! Mutual funds ask investors to provide contact details, such as email ID and mobile number, to send across timely alerts and other useful information.

http://www.thehindubusinessline.com/portfolio/mutual-funds/easy-ways-to-manage-your-fund-holdings/article7723177.ece
Know about unified verification system (CAMS Viveka 24th August 2015) 

By registering with a KYC registration agency, you can make changes at a single point. Registering KYC with a KRA not only prevents duplication and inconvenience to investors but also enables single-point change management.

http://www.thehindubusinessline.com/portfolio/mutual-funds/fund-basics-know-about-unified-verification-system/article7572035.ece
At your service, MF investor (CAMS Viveka 10th August 2015) 

Several facilities have been introduced in recent times to help you manage your investment in mutual funds. You can now set aside cash in your bank account to buy MF units

http://www.thehindubusinessline.com/portfolio/mutual-funds/fund-basics-at-your-service-mf-investor/article7518989.ece
Pledging mutual fund units? Mark a lien (CAMS Viveka 20th July 2015) 

The lien gives the financier the right to take and hold or sell the property of a debtor

Investors can pledge their mutual fund units as security to banks or other financial institutions and borrow against them. To do so, a lien has to be marked against the units. Lien refers to the right of the financier to take and hold or sell the property of a debtor as security or payment for a debt. We discuss the process of marking a lien on mutual fund units.

http://www.thehindubusinessline.com/portfolio/mutual-funds/pledging-mutual-fund-units-mark-a-lien/article7440702.ece
Know your scheme before investing ( CAMS Viveka 12th Apr 2015) 

Before making an investment, it is always useful to read the details in the scheme information document (SID) and statement of additional information (SAI).

http://www.thehindubusinessline.com/money-wise/mutual-funds/know-your-scheme-before-investing/article7095546.ece
To Switch or Not to Switch 
http://www.thehindubusinessline.com/money-wise/mutual-funds/to-switch-or-not-to-switch/article6971875.ece
How the Money Flows from SIPs? (CAMS Viveka 16th Feb 2015) 

CAMS has been answering some frequently asked questions on SIPs in a three-part series. Here is the third and concluding part.

http://www.thehindubusinessline.com/money-wise/mutual-funds/how-money-flows-from-sips/article6898751.ece
All the information you wanted, at a click: November 23, 2014 (CAMS Viveka) 

Investors can get a host of MF-related information mailed to them Mutual fund RTAs (Registrar and transfer agents) provide a host of statements to enable mutual fund investors manage their investment-related information efficiently. Registering one’s email ID in the folio is a prerequisite to receive these statements as a mail-back service from the registrar’s websites.

http://www.thehindubusinessline.com/money-wise/mutual-funds/all-the-information-you-wanted-at-a-click/article6627332.ece
How to consolidate your fund holdings: Business Line; Febraury2, 2014 (CAMS Viveka) 

With CAS, MF investors get a comprehensive update of their investments across schemes Consequent to an amendment in SEBI Regulations, beginning November 2011, mutual funds send investors one single consolidated account statement (CAS) every month. Some queries on this are answered below.

http://www.thehindubusinessline.com/money-wise/mutual-funds/how-to-consolidate-your-fund-holdings/article5645785.ece
All about consolidated account statement : Business Line; Oct 27, 2012 (CAMS Viveka) 

Consequent to an amendment in SEBI Regulations, from November 2011, Mutual Funds send investors one single consolidated account statement every month, detailing all transactions of the previous month across all schemes of all mutual funds. Some queries on this statement are answered below.

http://www.thehindubusinessline.com/money-wise/mutual-funds/all-about-consolidated-account-statement/article4038402.ece
Consolidate for convenience: Business Line; December 4, 2011 

While making investments in mutual funds, one may find that one has numerous folio numbers across funds. At times investors forget what they hold and face difficulties when changes have to be made in folios, or face hassles at year-end while filing returns. It would be worthwhile for investors to take stock of their holdings, check if there are numerous folios in the same fund and get the same consolidated into one single folio number for the fund. Here are a few frequently asked questions on this subject

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/consolidate-for-convenience/article2684975.ece
Managing your statements: Business Line; October 23, 2011 

The most common questions received by mutual funds and Registrars are, “Please send me a statement”; “What is the latest valuation of my schemes?”; “Wish to check the status of my transaction”. To give the investor community easy access to information about their investments, Registrars have provided investors with a host of self-management tools on their websites.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/managing-your-statements/article2601964.ece
For easier accounting : Business Line; July 17, 2011 

You have to file your tax returns and need to calculate your capital gains on transactions in mutual funds.

You may also want a transaction or summary statement for the previous financial year. You can get all these and more from the Registrar free of costs. Read on to know more.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/for-easier-accounting/article2233994.ece
Consolidating folios: Business Line; October 18, 2010 

Some basics on....

Often, investors find they are unable to keep track of their mutual fund investments when they are scattered across several statements of account. These FAQs tell you how this limitation can be overcome.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/consolidating-folios/article1014864.ece
Link multiple bank accounts to your folio : June 22, 2014 (CAMS Viveka) 

This enables you to receive redemption proceeds in any account without hassles

Mutual funds have given investors the facility to register multiple bank accounts in their folios. We answer investor queries on this facility.

http://www.thehindubusinessline.com/money-wise/mutual-funds/link-multiple-bank-accounts-to-your-folio/article6138985.ece
How to update bank details in your folio: Business Line; September7, 2013 (CAMS Viveka)  

We sometimes hear an investor say, “I have changed my bank account and did not inform the Mutual Fund. I have received a dividend cheque with the old bank details printed therein.” Obviously, the investor would like the cheque to be resent with the details updated. For this, he/she must register the details of the new bank account in his/her folio.

http://www.thehindubusinessline.com/money-wise/mutual-funds/how-to-update-bank-details-in-your-folio/article5104445.ece
Register many accounts: Business Line; February 5, 2011 

Registering for this facility enables you to receive redemption proceeds into any one of the registered bank accounts of your choice without having to provide bank details at the time of redemption.

http://www.thehindubusinessline.com/money-wise/mutual-funds/register-many-accounts/article1472000.ece
Change in tax status? Register it! : Business Line; April 4, 2013 (CAMS Viveka) 

Have you, an NRI, decided to become an Indian resident? Or has your minor daughter attained the age of 18? Any such change in status would have to be updated at the KYC Registration Agency (KRA) as well as in your mutual fund folios.

http://www.thehindubusinessline.com/money-wise/mutual-funds/change-in-tax-status-register-it/article4580814.ece
Nomination – Your right and responsibility : Business Line; March 9, 2013 (CAMS Viveka) 

Your family’s comfort is of paramount importance to you. You have been diligently investing in Mutual Funds to take care of your family’s needs now and in the future. But have you done the right paperwork to ensure that your family has access to your investments with ease, in case of any unfortunate event?

Nomination is both your right and responsibility. It ensures that your investments reach your nominees easily.

http://www.thehindubusinessline.com/money-wise/mutual-funds/nomination-your-right-and-responsibility/article4491898.ece
Register for KYC services: Business Line; Sep. 15, 2012 (CAMS Viveka) 

Here are some frequently asked questions (FAQs) on ‘know your client’ registration agency (KRA).

http://www.thehindubusinessline.com/money-wise/mutual-funds/register-for-kyc-services/article3901161.ece
Change in your status: Business Line; October 23, 2011 

Investors sometimes need to change their status in their investments. Some of the common status changes are resident to non-resident, and vice-versa, minors to major. Any change in status would have to be updated at CDSL Ventures Ltd (CVL) as well as the Mutual Funds. Investors are required to be KYC-compliant and get the same completed by CVL.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/change-in-your-status/article2563142.ece
Right and responsibility: Business Line; October 9, 2011 

Your family's comfort is of paramount importance to you. You have been diligently investing in mutual funds to take care of your family needs now and in the future. But have you done the right paperwork to ensure that your family has access to your investments with ease, in case of any unfortunate event?

Nomination is both your right and responsibility. It ensures your investments reach your nominees easily. An investor can nominate a person i.e. a nominee to whom his/her mutual fund units will be transferred on his/her demise.

http://m.thehindubusinessline.com/todays-paper/tp-investmentworld/right-and-responsibility/article2521383.ece/
A change in name : Business Line; September 11, 2011 

Investors, who have changed their name due to marriage or otherwise, would have to record the same in their folios. Similarly, if the name in the application form is inadvertently filled incorrectly, the investor would need to get the same rectified.

The requirements in this regard are given below. These may marginal variance in the procedure from fund to fund. Investors who have changed their name and recorded the same in the Gazette should submit the below documents to the mutual fund:

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/a-change-in-name/article2442735.ece
Updating profile details: Business Line; August 28, 2011 

I have recently moved from Bangalore to Chennai and submitted a redemption transaction form in Chennai along with a request to change my address. However, my address has not been changed and I have been informed that I should have submitted the request to CDSL Ventures Limited (CVL), a subsidiary of Central Depository Services (India) Limited (CDSL). Queries of this nature often come from investors. Here are a few frequently asked questions on this subject.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/updating-profile-details/article2404135.ece
Update vital personal details in your folios: Business Line; July 30, 2011 

The beginning of the year being a time to take stock of and reorganise personal portfolios, we give below a check-list of personal details that should be kept current and updated in mutual fund folios. This helps avoid delays in receiving payments and facilitates successful transactions.

http://m.thehindubusinessline.com/features/investment-world/mutual-funds/article2763878.ece/
On behalf of a minor: Business Line; May 8, 2011 

Investments may be made in Mutual Funds on behalf of minors and in fact several funds have plans exclusively targeted at investments for minors. We explain the guidelines in this regard.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/on-behalf-of-a-minor/article1999763.ece
KYC norms: Business Line; February 5, 2011 

From January 1, Know Your Customer (KYC) requirements are mandatory for all investors, irrespective of the amount invested. What is KYC?

KYC means Know Your Customer. The Prevention of Money Laundering Act, requires every intermediary to have a client identification programme with a KYC policy, which means knowing your customer by seeking information and supporting documentation about the customer's identity and address, besides such other information as nationality, income source, occupation, etc.

http://www.thehindubusinessline.com/money-wise/mutual-funds/kyc-norms/article1159380.ece
Investing norms for NRIs: Business Line, May25, 2014 (CAMS Viveka) 

Non-Resident Indians (NRIs) are allowed to invest in mutual funds in India. We answer some queries on the investing norms for NRIs.

http://www.thehindubusinessline.com/money-wise/mutual-funds/investing-norms-for-nris/article6046653.ece
Investing norms for NRIs : Business Line; December 17, 2011 

For an NRI to invest, it is mandatory that he/she maintains a bank account in India. Non-Resident Indians (NRIs) are allowed to invest in mutual funds in India. We answer some queries on the investing norms for NRIs.

http://www.thehindubusinessline.com/money-wise/mutual-funds/investing-norms-for-nris/article2723769.ece
A short checklist: Investing norms for NRIs : Business Line; June 18, 2011 

Non-Resident Indians (NRIs) are allowed to invest in mutual funds in India. We answer some queries on the investing norms for NRIs.

http://www.thehindubusinessline.com/money-wise/mutual-funds/a-short-checklist-investing-norms-for-nris/article2115942.ece
Who can write out an MF Cheque : September 14, 2014 (CAMS Viveka)  

Third party cheques are not allowed towards your fund investments

Those investing in mutual funds need to know the precautions to be taken while writing out cheques. Here is relevant information in this regard as also recent rule changes.

When applying for mutual fund units, fill out cheque details with care. The cheque amount in words and figures should match with the amount in the application form. The investment amount should meet the minimum amount criteria mentioned in the scheme information documents/application

http://www.thehindubusinessline.com/money-wise/mutual-funds/who-can-write-out-an-mf-cheque/article6410084.ece
MF Cheque payments : Business Line; March 23, 2013 (CAMS Viveka) 

Here are some guidelines to remember if you are writing out cheques towards investments in mutual funds, in view of new rules coming into force soon.

CTS-2010 The Reserve Bank of India (RBI) has advised all banks to issue only cheques that comply with the cheque truncation system (CTS-2010). This is to standardise and enhance security features in cheques.

This standardisation will help clear cheques electronically, without the process of physical clearance.

When a customer deposits a CTS-2010-compliant cheque, the bank will send the image of the cheque to the drawee bank, whose cheque has been issued. Clearance is done based on the image. This move will help banks save on transaction cost and time in clearing cheques.

http://www.thehindubusinessline.com/money-wise/mutual-funds/mf-cheque-payments/article4541952.ece
Precautions while handling your cheques: Money control; Feb 22, 2013 (CAMS Viveka) 

Information about precautions to be taken while writing out cheques when investing in Mutual Funds and recent rules changes are presented here.

http://www.moneycontrol.com/news/mf-reports/mutual-funds-precautions-while-handling-your-cheques_829438.html?utm_source=ref_article
Validity and filling of cheques : Business Line; April 14, 2012 

A more efficient way to receive payouts is by registering for an electronic transfer to your bank account.

Information on the precautions that have to be taken while writing out cheques when investing in mutual funds, and the recent rule changes on cheque validity are discussed in this article.

http://www.thehindubusinessline.com/money-wise/mutual-funds/validity-and-filling-of-cheques/article3315008.ece
AMFI guidelines on... Third-party cheques: Business Line, December 19, 2010 

Mutual fund purchases thus far could be made with cheques from one's own bank, third party cheques, DDs or Banker's Pay Order. AMFI recently issued new guidelines for mutual fund investments made through third-party cheques. With effect from November 15, mutual fund investments made through third-party cheques will not be processed. We discuss the new rule and answer investor queries.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/amfi-guidelines-on-thirdparty-cheques/article1027057.ece
Tech help to manage MF investments: Business Line July 20, 2014 (CAMS Viveka) 

A lot can be done through just an SMS

Several facilities have been provided to help investors manage their investments in mutual funds with ease. Here are answers to queries in this regard.

http://www.thehindubusinessline.com/money-wise/mutual-funds/tech-help-to-manage-mf-investments/article6230984.ece
Tools to manage your MF portfolio: Business Line; Aug 15, 2012 (CAMS Viveka) 

From statements to portfolio snapshots, investors can get all the information in a few clicks.

Mutual funds ask investors to provide vital contact details such as e-mail ID and mobile numbers to be able to send timely alerts and other useful information. Application forms contain fields for filling these critical contact details which investors may not always fill as they are not mandatory.

http://www.thehindubusinessline.com/money-wise/mutual-funds/tools-to-manage-your-mf-portfolio/article3821286.ece
Facilities to manage your mutual funds: Business Line; Aug 4, 2012 (CAMS Viveka) 

Some funds allow investors to transact through mobile phones by sending SMSes.

Several facilities have been provided to investors to bring convenience and ease in managing their investment in mutual funds. Some useful facilities are explained here through Q&As.

http://www.thehindubusinessline.com/money-wise/mutual-funds/facilities-to-manage-your-mutual-funds/article3727285.ece
Transacting made easier: Online, mobile services: Business Line; March 19, 2011 

Registrars and their client mutual funds provide a host of self-management tools using online and mobile services.

These facilities have made it easy for investors to keep track of their accounts, maintain their portfolios of mutual funds and transact. Some of the important features of on-line and mobile facilities are discussed here.

http://www.thehindubusinessline.com/money-wise/mutual-funds/transacting-made-easier-online-mobile-services/article1553663.ece
Don’t forget to nominate: Business Line; October 19, 2013 (CAMS Viveka) 

Your family’s comfort is of paramount importance to you. You have been diligently investing in mutual funds to cater to their future needs. But have you done the right paperwork to ensure that your family has access to your investments with ease, in case of an unfortunate event?

Nomination is both your right and responsibility. It ensures your investments reach your nominees easily. An investor can nominate a person, i.e. a nominee, to whom his/her mutual fund units will be transferred on his/her demise.

http://www.thehindubusinessline.com/money-wise/mutual-funds/dont-forget-to-nominate/article5251691.ece
Why ‘employee unique identification number’ matters: Business Line; July20, 2013 (CAMS Viveka) 

In accordance with Securities and Exchange Board of India and Association of Mutual Funds in India guidelines, it is now mandatory to specify the details of the Employee Unique Identification Number (of the sales person involved in the relevant sale/marketing of mutual fund products) along with the AMFI Registration Number of the distributor and the sub-broker, if any, in mutual fund scheme application forms.

http://www.thehindubusinessline.com/money-wise/mutual-funds/why-employee-unique-identification-number-matters/article4935461.ece
How to make changes in mutual fund folios: Business Line; May 18, 2013 (CAMS Viveka) 

Investors may change their name due to marriage or other reasons. This change needs to be recorded in their MF folios. Similarly, the name in the application form may, inadvertently, have been filled incorrectly and the investor would need to get the same rectified.

The requirements in this regard are given below. These may vary slightly from fund to fund.

http://www.thehindubusinessline.com/money-wise/mutual-funds/how-to-make-changes-in-mutual-fund-folios/article4727873.ece
Updating your mutual fund folios: Business Line; July 21, 2012 (CAMS Viveka)  

Investors often have to interact with mutual funds to maintain their folios and change personal details or even the mode of operation of the account. Some frequently asked queries and the procedural requirement to make such changes are discussed below.

http://www.thehindubusinessline.com/money-wise/mutual-funds/updating-your-mutual-fund-folios/article3666316.ece
Legal heirs for unit holders of funds: Business Line; March 31, 2012  

To facilitate the transmission process, investors are urged to register nominees for their investments.

Investor queries are received on the requirements for transmitting units to a nominee/joint holder/legal heir(s) on the demise of a unit holder. We address them here.

http://www.thehindubusinessline.com/money-wise/mutual-funds/legal-heirs-for-unit-holders-of-funds/article3266280.ece
Filling up the mutual fund form correctly: Business Line; March 3, 2012  

As per mutual fund guidelines, forms without mandatory information or requirements won't be processed. It is imperative for investors to check forms before signing and submission. The guidelines for correctly and completely filling forms are mentioned in the application form. A few hints on the mandatory and important details which may be inadvertently omitted or incompletely filled in application forms are given below.

http://www.thehindubusinessline.com/money-wise/mutual-funds/filling-up-the-mutual-fund-form-correctly/article2957796.ece
Key details of a scheme : Business Line; July 3, 2011  

Before making an investment, investors are urged to read the details available in the scheme's information documents and statement of additional information. According to regulatory guidelines, the Key Information Memorandum (KIM) comes along with the Common Application Form and this sets forth information an investor should know before investing. It is an abridged version of the scheme information documents.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/key-details-of-a-scheme/article2154114.ece
Key details of a scheme : Business Line; July 3, 2011  

Before making an investment, investors are urged to read the details available in the scheme's information documents and statement of additional information. According to regulatory guidelines, the Key Information Memorandum (KIM) comes along with the Common Application Form and this sets forth information an investor should know before investing. It is an abridged version of the scheme information documents.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/key-details-of-a-scheme/article2154114.ece
Exploring the options: Business Line; September 25, 2011  

Investors contact Mutual Funds / Registrar and Transfer Agents (RTAs) with general queries regarding their folios and investments. Some such questions, asked by investors are replied to below.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/exploring-the-options/article2482882.ece
Guidelines to invest : Business Line; August 14, 2011  

Several general queries are received from investors on their mutual fund transactions, folios and on the rules and guidelines governing their investments. We answer some of these frequently asked questions.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/guidelines-to-invest/article2354649.ece
Submit bank details: Business Line; November 21, 2010  

Applying for MF units.

Filling up the bank details in the form is mandatory while applying for units in a mutual fund. However, there could be a change in bank details as an investor's bank may have installed core-banking solutions.

In addition, banks have an IFSC code which could be updated in the folios to facilitate electronic credit. We discuss these issues in this article.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/submit-bank-details/article1015027.ece
Providing contact details — For value-added service: November 7, 2010  

Registrars and mutual funds provide a host of statements to investors through mailback services.

Personal contact details are critical to receiving effective and timely communication from mutual funds. Mutual fund application forms contain fields for critical contact details — e-mail ID and mobile, home and office phone numbers, which investors often do not fill as it is not mandatory. Such investors, however, end up missing out on a number of value-added features and facilities.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/providing-contact-details-for-valueadded-service/article1014958.ece
Fund basics: Switch transactions : Business Line; December 14, 2013 (CAMS Viveka)  

The investor can switch out an amount in rupees or a certain number of units.

Investors may sometimes want to shift investments, partly or wholly, from one scheme to another. Here are frequently asked queries in this context.

http://www.thehindubusinessline.com/money-wise/mutual-funds/fund-basics-switch-transactions/article5460099.ece
Fund Basics: Redemption FAQs : Business Line; October 5, 2013 (CAMS Viveka)  

Funds don't process requests to change bank details that is submitted along with redemption.

Investors may at times find that add-on requests submitted along with redemptions are not processed. We present below some queries received from investors regarding their redemption requests:

http://www.thehindubusinessline.com/money-wise/mutual-funds/fund-basics-redemption-faqs/article5204635.ece
Read, then invest: Business Line; September 21, 2013 (CAMS Viveka)  

Fund Basics Before making an investment, investors are urged to read the details available in the Scheme Information Document and Statement of Additional Information.

These details are presented in a summarised manner in the Key Information Memorandum (KIM), which comes along with the application form.

It is an abridged version of the Scheme Documents and contains several important facts which an investor should know before investing.

http://www.thehindubusinessline.com/money-wise/mutual-funds/read-then-invest/article5154255.ece
tax changes affecting mutual funds business line: Business Line ; June 15, 2013 (CAMS Viveka) 

The following changes in tax rates applicable to mutual funds and its investors were incorporated in the Budget for 2013-14 passed by Parliament. These are effective from June 1, 2013. Here are some investor queries on the changes and our response.

http://www.thehindubusinessline.com/money-wise/mutual-funds/tax-changes-affecting-mutual-funds/article4817660.ece
You can get Loan against Mutual Fund Units: Money control; Feb 22, 2013 (CAMS Viveka) 

Investors can pledge their units as security to financiers like Banks, Financial Institutions and thus borrow against their Mutual Fund Units. To do so, a Lien has to be marked against the Units. Lien refers to the right of the Financier to take and hold or sell the property of a debtor as security or payment for a debt. We discuss the process of marking a lien on mutual fund units.

http://www.moneycontrol.com/news/mf-reports/did-you-know-you-can-get-loan-against-mutual-fund-units_829448.html
how to transmit mutual fund units: Money control; Feb 22, 2013 (CAMS Viveka) 

Investor queries are received on the requirements for transmitting units to a nominee/joint holder/legal heir(s) on the demise of a unit holder. Given below, are the general requirements for effecting transmission of units. The documents required are prescribed by the respective Asset Management Companies and they may vary marginally.

http://www.moneycontrol.com/news/mf-reports/get-to-know-how-to-transmit-mutual-fund-units_829444.html
All about redemption transactions: Business Line; Dec 15, 2012 (CAMS Viveka) 

Investors making redemption requests when accompanied with an add-on service need to ensure that they complete specific formalities so that their request is processed smoothly. We have presented here specific instances of redemption requests received from investors:

I have requested for redemption along with a request for a change in bank details. However, the bank details were not changed and the redemption cheque was sent with old bank details printed therein.

http://www.thehindubusinessline.com/money-wise/mutual-funds/all-about-redemption-transactions/article4203868.ece
FAQs on dividends : Business Line; Nov 17,2012 (CAMS Viveka)  

A Mutual Fund generally offers two plans for every scheme: Dividend and Growth. Under the Dividend plan, the fund distributes gains made from investments to investors, from time to time. In the Growth plan, all gains made by the fund are retained by it in the scheme.

http://www.thehindubusinessline.com/money-wise/mutual-funds/faqs-on-dividends/article4105893.ece
FAQs on fund dividends: Business Line; June 23, 2012 (CAMS Viveka)  

Mutual funds choose to declare dividends in schemes. We discuss some of the doubts and queries investors have on dividends.

http://www.thehindubusinessline.com/money-wise/mutual-funds/faqs-on-fund-dividends/article3563020.ece
How to switch between funds : Business Line; June 2, 2012 (CAMS Viveka)  

A fixed amount may be transferred or switched to an equity scheme from a liquid scheme every month.

Investors in a scheme may want to shift either the whole or part of the investment into another scheme of the same fund house. Normally this would mean redeeming units from the original scheme, waiting for the proceeds to be credited into the bank, and later filling another transaction slip and making an investment in the new scheme.

http://www.thehindubusinessline.com/money-wise/mutual-funds/how-to-switch-between-funds/article3483260.ece
Know your transaction charges: Business Line; June 30, 2012 (CAMS Viveka)  

If your distributor has opted for a transaction charge, then Rs. 100 is deducted for a subscription of Rs. 10,000 or more.

http://www.thehindubusinessline.com/money-wise/mutual-funds/know-your-transaction-charges/article3588855.ece
Fund Basics: Be diligent, update your details: Business Line; May 19, 2012 (CAMS Viveka)  

Mutual funds offer a facility to register up to five bank accounts for individuals in their folios.

In line with the recommendations issued by the Association of Mutual Funds of India, most mutual funds now do not register a change in bank details that is given along with a redemption request.

Redemption proceeds will be credited into the bank account in the folio or into a registered account indicated in the transaction slip. A new bank account would have to be registered at least 10 days before redemption is made.

http://www.thehindubusinessline.com/money-wise/mutual-funds/fund-basics-be-diligent-update-your-details/article3436448.ece
Pledging mutual fund units: Business Line; May 5, 2012 

Lien refers to the right of the financier to take and hold or sell the property of a debtor as security or payment for a debt.

Investors can pledge their units as security to financiers like banks and financial institutions and borrow against their mutual fund units.

To do so, a lien has to be marked against the units. Lien refers to the right of the financier to take and hold or sell the property of a debtor as security or payment for a debt. We discuss the process of marking a lien on mutual fund units.

http://www.thehindubusinessline.com/money-wise/mutual-funds/pledging-mutual-fund-units/article3387766.ece
Which NAV should apply to your transaction?: Business Line; January 14, 2012 

The Net Asset Value (NAV) of a mutual fund is the value per unit based on which investors purchase, redeem or transfer units in the mutual fund.

The applicable NAV for any transaction depends primarily on the time at which the transaction request is received at the official points of acceptance.

The time at which the transaction is received is evidenced by the ‘Time-stamp' on the request at the official points of acceptance and there are different timings and rules for liquid and equity/debt funds.

http://www.thehindubusinessline.com/money-wise/mutual-funds/which-nav-should-apply-to-your-transaction/article2801318.ece
Redeem units without hassle: Business Line; November 27, 2011 

Investors making redemption requests accompanied with an add-on service, either clarification sought from a minor turned major, or from the holder of a live SIP account need to ensure that they complete specific formalities to ensure their request is processed smoothly. Given below are such queries on redemption received from investors:

I requested for redemption along with a request for a change in bank details. It has taken more than three days to receive the amount.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/redeem-units-without-hassle/article2663445.ece
How to pledge units: Business Line; April 17, 2011 

Investors can pledge their units as security to financiers like banks, financial institutions and borrow against their mutual fund units.

To do so, a lien has to be marked against the units. Lien refers to the right of the financier to take and hold or sell the property/asset of a debtor as security or payment for a debt. We discuss the process of marking a lien on mutual fund units.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/how-to-pledge-units/article1702398.ece
Registration of SIP: Business Line; March 6, 2011 

The Systematic Investment Plan (SIP) is increasingly becoming the preferred mode of investing in mutual funds. As additional information is required in the case of registration of SIP, there is increased scope for investors to miss out on important information, leading to incorrect registration or even rejection of the application. Given below are some hints on filling SIP forms correctly for successful registration. Please note that mutual funds require the same information, even though the format of the application form may differ.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/registration-of-sip/article1513100.ece
FAQs on dividends — Reinvestment or payout? : Business Line, December 5, 2010 

It is not compulsory for mutual funds to pay out the income as dividends. The payout depends on market conditions and fund performance.

Recently, a spate of dividends has been declared by mutual funds. Several advertisements in the print and electronic media have announced the same. We discuss here some of the doubts and queries investors have raised on dividends.

http://www.thehindubusinessline.com/todays-paper/tp-investmentworld/faqs-on-dividends-reinvestment-or-payout/article1026986.ece
The do’s and don’ts of direct plans : Business Line; March16, 2014 (CAMS Viveka) 

This is the concluding part of a three-part series on Direct plan and the FAQs below are based on the general rules followed across all Fund houses.

However, some of the applicability may vary from Fund to Fund and hence SID/KIM/Addendums issued by the Asset Management Companies or their Web sites can be referred to for more, and latest, details.

http://www.thehindubusinessline.com/money-wise/mutual-funds/the-dos-and-donts-of-direct-plans/article5792731.ece
Let’s talk direct investments: Business Line; Febraury17, 2014 (CAMS Viveka) 

Mutual funds have been offering separate plans for direct investments — investments not made via distributors in existing and new schemes — since January last year. This direct plan will have lower expense ratio.

Following are FAQs based on the general rules followed across all fund houses. But some applicability may vary from fund to fund.

http://www.thehindubusinessline.com/money-wise/mutual-funds/lets-talk-direct-investments/article5696247.ece
Direct plan rules across fund houses : Business Line Feb 9, 2013 (CAMS Viveka) 

This is the concluding part of a three-part series on Direct plan and the FAQs below are based on the general rules followed across all Fund houses.

http://www.thehindubusinessline.com/money-wise/mutual-funds/direct-plan-rules-across-fund-houses/article4397294.ece
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