Prospective investors who wish to invest in mutual funds have to contact a distributor/agent of mutual funds. Any good agent/distributor would be able to suggest you the appropriate funds from the plethora of funds available considering your long term and short term goals.
The normal procedure is to fill-up the required application form and submit it along with a cheque for the amount of investment. Cheques and Demand Drafts are accepted. Payment by cash is not allowed. The agent/distributor would submit the application form with the cheque to the mutual fund company. The mutual fund company would issue you an Account Statement with 4 working days from the date of investment.
How to fill up the application form??? (checklist)
Please ensure that All relevant particulars are filled in / ticked in the form that is
- Full name of each holder
- Full Address (Resident Individual - Indian address or NRI / FII - Foreign address & Local Address)
- Bank mandate
- Scheme / Plan / Option details
- Payment details
- Mode of holding
- Legal Status
PAN details & Proof of PAN are furnished
KYC acknowledgement letter is enclosed. [For details please refer section on Knowledge Centre - KYC Norms ]
Your investment is not less than the minimum investment amount.
Your application is completed and signed by all applicants.
Investors are urged to draw the Payment Instrument in favour of "Name of the Scheme A/c. First Investor Name" OR "Name of the Scheme A/c. Permanent Account Number" OR "Name of the Scheme A/c. Folio Number" and should be crossed "Account Payee Only".
On the reverse of each payment Instrument submitted write the First Applicant's name, PAN and the Application Form number.
Please submit the following documents with your application (where applicable). All documents should be true copies certified by a director / Trustee / Company Secretary / Authorised Signatory.
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