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Mutual Fund

When Will I Get Dividends in Mutual Fund Scheme Invested ?

A mutual fund is required to despatch to the unitholders the dividend warrants within 30 days of the declaration of the dividend and the redemption or repurchase proceeds within 10 working days from the date of redemption or repurchase request made by the unitholder. In case of failures to despatch the redemption/repurchase proceeds within the stipulated time period, Asset Management Company is liable to pay interest as specified by SEBI from time to time (15% at present).

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Mutual Fund

What is the Difference Between IPO Vs Mutual Fund ?

There are basic differences between IPO (Initial Public Offering) and Mutual Funds. IPOs of companies may open at lower or higher price than the issue price depending on market sentiment and perception of investors. However, in the case of mutual funds, the par value of the units may not rise or fall immediately after allotment. A mutual fund scheme takes some time to make investment in securities. NAV of the scheme depends on the value of securities in which the...

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Mutual Fund

What is Open-ended Mutual Fund Scheme ?

An open-ended fund or scheme is one that is available for subscription and repurchase on a continuous basis. These schemes do not have a fixed maturity period. Investors can conveniently buy and sell units at Net Asset Value (NAV) related prices which are declared on a daily basis. Mutual funds under open-end schemes can be liquidated any time.

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Mutual Fund

Where To Complaint Against Mutual Fund Company ?

Investors would find the name of contact person in the offer document of the mutual fund scheme whom they may approach in case of any query, complaints or grievances. Trustees of a mutual fund monitor the activities of the mutual fund. The names of the directors of asset management company and trustees are also given in the offer documents. Investors should approach the concerned Mutual Fund / Investor Service Centre of the Mutual Fund with their complaints, If the complaints...

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Mutual Fund

What is Close-ended Mutual Fund Scheme ?

A close-ended fund or scheme has a stipulated maturity period e.g. 5-7 years. The fund is open for subscription only during a specified period at the time of launch of the scheme. Investors can invest in the scheme at the time of the initial public issue and thereafter they can buy or sell the units of the scheme on the stock exchanges where the units are listed. In order to provide an exit route to the investors, some close-ended funds...

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Mutual Fund

What Happen to Money Invested in Mutual Fund If Scheme Closed ?

In case of closing of a scheme, the mutual funds pay a sum based on prevailing NAV after adjustment of expenses. Unitholders are entitled to receive a report on winding up from the mutual funds which gives all necessary details.

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Mutual Fund

What is Equity Growth Oriented Scheme ?

The basic aim of growth funds in equity scheme is to provide capital appreciation over the medium to long- term. Such schemes normally invest a major part of their corpus in equities in stock markets. Being invested in equities such funds have comparatively high risks. These schemes provide different options to the investors like dividend option, capital appreciation, etc. and the investors may choose an option depending on their preferences. The investors must indicate the option in the application form....

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Mutual Fund

What is Debt Oriented Income Scheme ?

The aim of income funds is to provide regular and steady income to investors. Although the returns under these schemes are relatively lesser than growth as such schemes generally invest in fixed income securities like bonds, corporate debentures, Government securities and money market instruments. These types of funds are less risky compared to equity schemes. These funds are not affected because of fluctuations in equity markets. However, opportunities of capital appreciation are also limited in such funds. The NAVs of...

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