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Sunday, April 17, 2016

Mutual Funds Investments: Eligibility & Documentation..!

  •  Mutual Funds Investments: Eligibility & Documentation..!
  • Anybody who would like to invest in mutual funds (MFs) can invest or / start saving in mutual funds. 
  • There is no age, sex or  /income barrier for investment
  • SEBI has made a few changes to the KYC norms after January 1st, 2012. These changes will be effective from December 1st, 2012. So all investors who have complied with their KYC norms prior to January 1st, 2012 need to complete the additional KYC formalities.
  • KYC Documents
  • Duly signed KYC form with supported documents like self attested PAN card, ID proof, address proof along with one photograph.
  • A photocopy of the KYC documents is mandatory for all mutual fund investments.

Fees and Charges..
There are no administrative and investment advisory charges incurred by mutual funds. 
However, as per SEBI regulations, depending on the Mutual Funds Schemes, investors have to pay an entry / exit load for each investment.

Mutual Funds Investments: Eligibility & Documentation..! Reviewed by S. Chitra on April 17, 2016 Rating: 5  Mutual Funds Investments: Eligibility & Documentation..! Anybody who would like to invest in mutual funds (MFs) can invest or / start...

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