Forthcoming Dividends in Equity Funds (April 26, 2012 to April 30, 2012)

Forthcoming Dividends in Equity Funds (April 26, 2012 to April 30, 2012)

Revised Format for Declaration of Self Certification for Mutual Fund Distributors for F.Y.2011-12

In compliance with SEBI/ Amfi guidelines, Amfi registered distributors / IFAs need to submit a Declaration of Self Certification (SDC) for every financial year in the following April.

In case Self Declaration not submitted  before June 30, 2012 to AMC that is before the end of the financial year, or within 3 months from the start of next financial year then his brokerage will be suspended thereafter till submission and brokerage can be paid only if this Self Declaration Certificate is submitted and updated in our IFA / Distributor master towards the Payment Year 2012-13.


Also refer

Revised Self Declaration form for FY 2012-13

Format for Declaration of Self Certification 
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The Revised Formats for Declaration of Self certification

1. Form A 

Format for Declaration of Self Certification for Corporate ARMFA who does not have sub brokers

2. Form No. A1

 Format for Declaration of Self Certification for Corporate ARMFA who has sub-brokers

3. Form B

Format for Declaration of Self Certification by ARMFA who is sub broker to be submitted to Principal ARMFA

3. Form C 

Format for Declaration of Self Certification for the ARMFA who is an Individual/karta of HUF

Also refer:

Process for change of address in mutual funds after KYC Compliant??

 How to change email address in mutual funds in India

WEF April 30 2012 , You can't change bank details with redemption request...

With effect from April 30 2012, You can't change bank details with redemption request.

These changes are pursuant to the recent circulars issued by SEBI as well as AMFI to mitigate instances of fraud, to reduce operational risks and to protect the interest of investors.

Forms for redemption and change of bank account request are now segregated so that two different requests are handled and executed separately for all investors. 

In other words, all  investors forms such as the common transaction forms, transaction slips or any other form containing redemption request will not have the facility to change the bank mandate or update a new bank mandate.

  Most important point here to note is that any redemption request received which also mentions a new and unregistered bank mandate or a change of bank mandate request (with or without necessary supporting documents), such bank account change may not be registered and considered for payment of redemption/ dividend proceeds.


For Change of Bank Account / New Bank Account with Redemption Request, investor need to Register for Multiple Bank Account Registration Form

Uniform Procedure for Change of Bank details, Change of Address

AMFI Best Practice Guidelines Circular No.26/2011-12

 

How to invest online in Gold Mutual Fund Scheme in India..

This Process is for existing investor who is KYC verified and if you have online access to your bank account and your bank is allowed for invest online in that mutual fund website then how to go ahead without having TPIN (transaction pin)

Some mutual fund Web sites allow you to invest on line. However, you must check if you have an account with the banks they have partnered with.

How to invest online in mutual fund scheme:

Take a look at step by step process which you can follow to apply on line in mutual fund scheme without having TPIN.

First is to visit website of mutual fund where you want to invest

Click for the link for on line Transaction (like in this example the transaction is processed in Kotak Mutual fund in Kotak Gold Scheme Growth.

After this you are transferred to your website of your bank and where you put your net banking details and confirm the transaction.

If transaction is processed successfully you will get confirmation of transaction with transaction Ref No, order No and your user transaction no.  the best is to  save or print screen confirmation of transaction for future reference.

(you will also get confirmation in your registered email address and mobile number)

Tax implication on sale of mutual funds as per budget 2012 (Financial Year 2012-13)

The rates are applicable for the financial year 2012-13 and are subject to enactment of the Finance Bill, 2012.