How to create online access for SBI Mutual Fund Investments?

 

Creating online access to your investment in SBI Mutual Fund is really very easy and quick thing to do, it takes only 5-6 minutes to complete the online registration process.

In order to get registered for online access, your email address, Pan and KYC details must be updated in that folio, else you can't able to create online access, if any of above information is missing then you can't go ahead, so first thing to do is to update your email address and Pan details in your all SBI mutual fund folios

How to do that:  You have to Submit form
Updation of Pan and KYC details form for SBI (in word doc.)
Form to update Account Information (in word document)

 

FORM TO UPDATE ACCOUNT STATUS

Dear Sir/Madam,

I / We request you to update the following details in your records.

Name:  

Folio No                                                          Tele No.  (Res)

Mobile No:                                                      Email ID      

                                                                                                                                                                                                                                                                                                                                     

                                          

Update Pan and Know Your Client (KYC) details

                                                                 

Know Your Client (KYC) is mandatory with effect from 1st January, 2011 for all investments in Mutual Funds.   I / We am / are herewith enclosing the copy of the KYC acknowledgement issued by CDSL Ventures Limited for updation of records.

Please update my pan and kyc details.

Folio number	1st Holder PAN & KYC Status	2nd Holder PAN & KYC Status	3rd Holder PAN & KYC Status

Receipt of communications through E-Mail (E-mail address is mandatory)

I / We wish to OPT / DO NOT OPT ($$) to receive Statement of Accounts, Annual Reports, News Letters and other mandatory communications sent by SBI Mutual Fund in electronic format via e-mail to my registered e-mail ID / e-mail ID furnished above / registered in your records.

Signature/s (as per Mode of Holding in Folio):

                             

 

__________________________         _________________________        ________________________

1st Applicant / Guardian /                               2^nd Applicant                                    3^rd Applicant

Authorised Signatory                  

Step by Step Process

1. Visit SBI mutual fund website- 

http://www.sbimf.com/Index.aspx

2. Click on Register now (option available on left hand side)

3. Generate instant FPIN online

  If you have 4-5 folio's in SBI Mutual Fund then you need to generate FPIN of all folio's, but create only one user id and add all other folio's by using manage/add other folio's.

As this results in having all information under one user id and one password of all your investment in SBI mutual Fund.

How to Generate Instant FPIN Online 

 Activating your SBI MF account is simple and convenient.
  Follow three simple steps of:

Step 1:Please enter your folio number and email address registered in the folio below.

Step 2: Online Verification of account details.

Step 3: Use the FPIN to activate the account. 

After this you get email with FPIN and FOLIO No.

 

4. Create USER ID and PASSWORD

 After creating FPIN - next step is creating user id, click the link, follow the process and create user id and password

https://www.sbimf.com/INVESTORCENTER/aspx/frmmapfolio.aspx

This information is also available here

http://www.sbimf.com/Investor_Register.aspx

5. How to track all folio's under one login

In order to manage all folio's under one user id, first thing is generate fpin of all folio's

You need to click the option manage Accounts and first generate FPIN

 

 

IF FPIN is already generated then 

click on to map the folio 

And this way you can map your folio's in one single id

 Important point-  If kyc is not updated in your sbi mutual fund folio

You can see complete details after in one user id. But, if your kyc status is not updated in that folio then you can use only  Redeem and SWP options for transactions, but you can't able to purchase, switch or do STP in that folio, below image will give you clear idea as kyc is failed in one folio, that result in limited access to transact in that folio.

 

Types of risks associated with Mutual Fund Investment!!

Risk is an inherent aspect of every form of investment. For Mutual Fund investments, risks would include variability, or period-by-period fluctuations in total return.

Market risk: At times the prices or yields of all the securities in a particular market rise or fall due to broad outside influences. This change in price is due to 'market risk'.

Inflation risk: Sometimes referred to as 'loss of purchasing power'. Whenever the rate of inflation exceeds the earnings on your investment, you run the risk that you'll actually be able to buy less, not more.

Credit risk: In short, how stable is the company or entity to which you lend your money when you invest? How certain are you that it will be able to pay the interest you are promised, or repay your principal when the investment matures?

Interest rate risk: Interest rate movements in the Indian debt markets can be volatile leading to the possibility of large price movements up or down in debt and money market securities and thereby to possibly large movements in the NAV.

Other risks associated are:

• Investment risks 
• Liquidity risk 
• Changes in the government policy

FAQ related to Mutual Fund Consolidated Account Statement!!!

Consolidated Account Statement is a single account statement that consolidates financial transactions in all folios of an investor across all schemes of all mutual funds.

The first CAS statement shall be issued by November 10th, 2011 covering transactions processed in October 2011.

FAQ related to CAS(Consolidated Account Statement)

Why is Consolidated Account statement (CAS) being issued now?
Consolidated Account Statement (CAS) is being issued consequent to amendment in SEBI Regulations and introduction of sub-regulation (4) under regulation 36, which interalia states
that.." the asset management company shall ensure that consolidated account statement for each calendar month is issued, on or before tenth day of succeeding month, detailing all the transactions and holding at the end of the month including transaction charges paid to the distributor, across all schemes of all mutual funds, to all the investors in whose folios transaction has taken place during that month.”


What will be the basis for consolidation of folios to be considered for CAS?
A PAN is considered valid if the PAN details are matched with income tax website or KYC is completed by CVL. So only those folios that have valid PANs for all the holders (including joint holders)and also the order of all joint holders is similar will be consolidated while issuing a consolidated account statement.



What happens if there are no financial transactions in a particular folio for the month?
CAS will include only the folios with financial transactions and hence these folios will not reflect in the statement.


What details of the investor will not be provided in CAS?
Apart from non financial transactions, sensitive information like registered bank account details, PAN and contact numbers will not be included in CAS. Mobile number will be provided however will be masked to maintain for confidentiality and privacy.


What will be the frequency of CAS?
CAS will be sent on or before the 10th calendar day of the following month for folios which have been transacted in the previous month. Currently CAS will be sent only via physical and not electronic mode.


How will CAS be sent? Will it be sent via email?
Currently CAS will be sent by regular post, even if an email id is registered in any or all folios. After few months, CAS may be sent via email using any of the email id registered in any of the folios.
Hence, strongly advise investors to verify their email ids (registered in each folio and also printed in CAS against each folio) and update a single email id across all folios.


Will the investor get any individual statement from the AMC?
Yes. Folios with email id will continue to get regular fund specific account statements electronically after each financial transaction within 5 working days. Folios with no email id will get a monthly CAS.


What if some of the folios are not reflected in monthly CAS? Will the investor get any individual statement from the AMC?
If investors find some of their folios are not reflected in CAS, they should check the following and act appropriately
a. Whether the folio has any financial transaction, as CAS includes only the folios with financial transactions?
b. If yes, whether the PAN of all the unit holders has been updated in the folio?
c. If no, they should get PAN of all the unit holders updated in the folio/s for future inclusion in CAS.
d. If PAN is already updated, investor should check with respective mutual fund or the registrar about the discrepancy.



In case of any discrepancy in folios related details in CAS, what should the investor do?
Investor should approach respective mutual fund or the registrar in case of any discrepancy in financial transactions, folio details printed in CAS or for any other queries.

Source: Amfi India

Reliance mutual fund's SMS services for investors!!!

You can now 'Get Instant'... NAVs, Scheme Balances, Dividend Alerts, Transaction Alerts, SIP debit Alerts, Alerts on change of details, all through SMS on your registered mobile phone.


All you need is to "Register Your Mobile Number", if your mobile number is registered you can able to use this facility if not then submit a written registration form duly signed and send it to the nearest RMF branch 'click here' to download Registration Form or call this number for mobile registration 1800-300-11111

Whats more, you don't pay any additional charges for any of these messages, just the standard SMS price.
Try it out! Simply send below SMS to 966 400 1111 get SMS instantly.
'Remember to save the number 966 400 1111 to your phonebook'.

Why one should select Term Plan + mutual Funds??

"The term plan+mutual funds combination is financially the most efficient."

Ulips levy a number of other charges besides the fund management charge (that a mutual fund also charges) and mortality charge (that a term plan charges). They levy a premium allocation charge (PAC), an administrative charge, and so on.

The cost structure of Ulips is also complicated. For the lay buyer it can be hard to know what the charges are and what their implications on his final returns will be, especially at the time of purchase. (Later, of course, he will get statements from time to time, but by then it will be too late).

Therefore, in the first place, the mutual fund-term plan combination scores by having a lower and more transparent cost structure.


 Mutual Fund V/s Ulips

Another problem with Ulips is that an insurance company offers only a limited number of fund options.
If the funds offered by the insurance company underperform, the investor does not have the option to exit his current fund and invest in a high-return fund from another company (until the lock-in period is over). On the other hand, if he invests in mutual funds, he can easily exit his current underperforming fund (most mutual funds do not have an exit load after one year), and choose from any one of the hundreds of funds available in the market.



Mutual Fund V/s Endowment and money back life insurance Plans

Traditional products such as endowment plans and moneyback plans too have drawbacks.

The biggest is that they offer simple interest, whereas if you invest in a mutual fund or even in a PPF, your investments grow through compounding.

As we well know, the effect of compounding is powerful, especially over the long term.

The second disadvantage of traditional products is that they have a high allocation to debt products. This, too, affects their returns: over the long term, as we know, returns from equities trounce those from debt.

Another disadvantage of insurance-cum-investment products belonging to insurance companies is that despite paying a hefty sum of money as premium, the family could still be under-insured.
Since term plans are inexpensive, one can buy adequate amount of cover through them.

Source: ValueResearch