Mutual funds are ideal for investors who want to invest in various kinds of schemes with different investment objectives but do not have sufficient time and expertise to pick winning stocks. Mutual funds give you the advantage of professional management, lower transaction costs, and diversification, liquidity and tax benefits
A Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. The money thus collected is then invested in capital market instruments such as shares, debentures and other securities depending upon the schemeÃ¢â‚¬â„¢s stated objective. The income earned through these investments and the capital appreciation realized is shared by its unit holders in proportion to the number of units owned by them. Thus a Mutual Fund offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low cost.
It is the price you pay when you invest in a scheme. It is also known as "Offer Price" and may include an entry load.
It is the price at which units are repurchased by the Mutual Fund from unit holders. It is based on daily NAV and may include exit load.
Yes, SEBI has made it mandatory to have PAN for mutual fund investments.
In order to comply with regulatory provisions under the Prevention of Money Laundering Act 2002, Rules issued there under and related guidelines/circulars issued by SEBI, KYC formalities are required to be completed for all Unit Holders, including Guardians and Power of Attorney holders, for any investment (whether new or additional purchase) of Rs. 50,000 or more in mutual funds. For the convenience of investors in mutual funds, all mutual funds have made special arrangements with CDSL Ventures Ltd. (CVL), a wholly owned subsidiary of Central Depository Services (India) Ltd. who in turn has "POS" (Point of Service) to help customer to register for KYC.
CSA is registered with CDSL Ventures Ltd. as POS. Investors could complete the registration formalities by submitting the KYC form and relevant documents to CSA. The application form for complying with KYC will be available at CSA. The application form could also be downloaded from the websites of all mutual funds, website of CDSL Ventures Ltd. www.cvlindia.com or can be downloaded from Ã¢â‚¬Ëœdownload optionÃ¢â‚¬â„¢ in customer care section on www.csa-advisor.com**
Currently, KYC is being done free of cost.
Yes, CSA has payment gateway facility with HDFC, ICICI & Axis Bank