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Online Investment in Mutual Funds in India!



Query of blog Reader:

I am new to invest in mutual funds and no idea about the process/procedure to invest in MF.
I am planning to invest in HDFC top 200, Franklin India Blue chip and DSP block rock MFs.
I have PAN, KYC documents and net banking facility.
Below are my queries.
1) what are the documents/form require to invest in MF
2) first time, Can I pay invest amount directly to AMC by online.
3) when I will get the folio number
4) when can I eligible to pay SIP amount by online
5) how to the userid, password and any other identification details when I pay SIP amount by online.

Can you pls help to provide all details and include related screens if possible.

Thanks you.


Reply:

1) what are the documents/form require to invest in MF
  You require
 1. Permanent Account Number (Pan card)
2. KYC Complied status

 
2) first time, Can I pay invest amount directly to AMC by online.

No, You can't.

You have selected HDFC, FT and DSPBR Mutual fund  for your investment in mutual fund.

I checked websites of above three mentioned mutual funds. 
In HDFC Mutual fund and Franklin Templeton Investments, if this is your very first investment in mutual funds then need to fill up an application form and submit to any of our investor service center and along with that also apply for online access.

In HDFC Mutual fund to do online transaction you need:
 
  • An existing folio
  • An email ID
  • HPIN (HDFC Personal Identification Number).
 

In DSPPBR Mutual fund:
 
New Investors not having a folio:
Apply to get a Folio and PIN: New Investors who wish to open an account can apply for a zero balance folio and PIN using a dedicated “PIN Form (for New Investors)” and submit duly filled form to any of DSPBR mutual fund offices.
Create User Id to Login: Upon receipt of Folio number and PIN, new investor has to create a User Id in DSPBR Online to log in using the folio number and PIN. 

 In Franklin Templeton Investments

 If you would like to invest in FT, please fill up an application form and submit to any of our investor service centers.
 
3) when I will get the folio number

This is going to be one time process, Visit nearest mutual fund office fill the application form and do purchase (lumpsum)or sip , so this helps you to create folio in that mutual fund.


4) when can I eligible to pay SIP amount by online

When you become existing investor in that mutual fund scheme.

5) how to create userid, password and any other identification details when I pay SIP amount by online.

That process is very easy, even i have 3-4 blog positing on these topics, you can refer those,  or if you need any other help feel free to ask.

Refer these links 

How to go online to invest in mutual funds in India?



How to create online access for your Franklin Templeton Investments.




 

 

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Merger of Tata Life Sciences and Technology and Tata Services Industries into Tata Equity Opportunities with effect from Sep 14, 2012.



Tata Mutual Fund has announced the merger of Tata Life Sciences & Technology Fund and Tata Services Industries Fund into Tata Equity Opportunities Fund with effect from 14 September 2012.

The existing unit holders, who do not approve of the above merger, have an option to exit the schemes anytime before 14 September 2012 without paying any exit load.

However, the unit holders who choose to remain invested in Tata Life Sciences & Technology Fund and Tata Services Industries Fund shall be allotted units of Tata Equity Opportunities Fund at applicable NAV as on 14 September 2012.
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Online redemption in Reliance Mutual Fun

 Online Redemption in Reliance Mutual Fund is possible only when you are registered for Online Transaction Facility in Reliance mutual fund.


How to register online in reliance mutual fund for online access

 If you fulfill these conditions, then you can easily create online access for your investment in Reliance Mutual Fund

 1. If  you  are Existing Investor to reliance mutual fund.
 2. Your Pan details are updated in the that folio.
 3. Your are KYC Complaint investor
 4. Your  mode of Holding is Single.
5. Your mobile number and email address is registered in that folio

If your mode of holding is Joint or any one or survivor in such case online access is possible when you submit pin agreement form.

  click here to download pin agreement form.


Step by step process to create online access if you fulfill above conditions

First step: Generate your IPIN

Link where you can generate IPIN: 


 

Second step: Create Userid and Password

Refer this Link





Form for Redemption as requested by blog reader



Important information for smooth processing of redemption requests



 
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Know Your Pan Card AO Code



Query of Blog Reader: About Pan Card AO code
I was filling the online form for pan card and did fill all the things but struck at the point where it asks about AO CODE.
I would like to know the AO CODE of my area so that I can fill the Pan form at the earliest.
My Address is XXXXXXXXXXXXXXXXX, TILAK NAGAR, NEW DELHI
My pin code is 110018.
I'll be very pleased if you can search it for me as you people are experts in the field.

Regards
XXXX XXXX

If you know your ward/circle, then that become easy to know AO code
Refer this

For Delhi

or you can check details here - call or visit center near to your area and check from them:
https://www.tin-nsdl.com/pan-center-data.php

 https://www.tin-nsdl.com/pan/pan-aocode.php


Another way:
If in your family any one have Pan number, so when you add all the details, like Pan number, date of birth, with the help of below link, you can easily able to get the Ao code for your pan card.
https://incometaxindiaefiling.gov.in/portal/common.do?screen=jurisdiction
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How to change email address in mutual funds in India



Query of Blog Reader: How to go ahead for change of email address in mutual funds?

My email address is wrongly entered in mutual fund records, i want to give request for change of email address, so now my question is whether for updating email address i need to again follow kyc process?


If your email address has been incorrectly registered, you need to submit correct details using "Email Updation form."

Requests for a change in e-mail ID is given to the mutual fund or the registrar directly and you don't have to go for change e-mail address to CVL.

Some mutual funds accepts change of email address request on phone and after taking request, they verify the email address by calling investor on registered mobile number,in some mutual funds this facility is available online, you need to visit mutual fund website, do the verification process and update your email address and some mutual funds want written request for making changes.

In order to make changes first call mutual fund house on toll free number, if they accept request on phone, then process will get done in 3-4 working days, or visit mutual fund house or registrar and submit written request.

Toll Free Helpline Numbers of Mutual Funds in India




 Email Updation Form



Mutual Fund websites where online email registration is available

1. Reliance Mutual Fund        
Contact Details Updation Website Link:  
 https://converz.karvymfs.com/rmfipins/nct/ContactUpdate/Default.aspx


2. ICICI Mutual Fund 
http://www.icicipruamc.com/SubscriptionServices.aspx


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