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FAQ
Frequent Asked Questons
A mutual fund is a financial instrument that collects money from several investors like you, and invests it in various investment options like shares, bonds, etc.
Depending on where your money is invested, mutual funds can be classified into three types: Equity, Debt and Hybrid.
An equity fund is a mutual fund that invests principally in stocks.
Debt Mutual Funds mainly invest in a mix of debt or fixed income securities such as Treasury Bills, Government Securities, Corporate Bonds, Money Market instruments and other debt securities of different time horizons.
A hybrid fund is a category of mutual fund that is characterized by portfolio that is made up of a mix of stocks and bonds, which can vary proportionally over time or remain fixed.
Hybrid fund is a mutual fund that invests in both, shares and bonds.
In a mutual fund a professional manager chooses investments that match the fund’s goals for risk and return. Through mutual fund an investor holds a variety of investments which can make it easier for him to diversify his investments in different shares and other instruments.
Some of the major benefits on investing in a mutual fund are: – Diversification – Professional management – Convenience – Liquidity – Variety of schemes and types – Tax benefits
NFO stands for a New Fund Offer. When a new fund is launched for investors, it is known as a NFO. A NFO could also be the launch of additional units of a close-ended fund
Systematic Investment Plan (SIP) is an investment vehicle offered by mutual funds to investors, allowing them to invest small amounts periodically instead of lump sums. The frequency of investment is usually weekly, monthly or quarterly.
Investing in SIP offers two major benefits: – You can start investing with a small amount – You can average out your investment, as SIP involves buying units at different points of time and at different NAV levels
NAV stands for Net Asset Value of a mutual fund. This is basically the price of one unit of a mutual fund.
Liquid funds are mutual funds that offer high liquidity. This means, the units of these funds can be sold immediately, and the invested amount can be redeemed quickly
You can buy units of close-ended mutual funds only when a mutual fund company launches the fund. Once you buy them, you have to hold your investment for a fixed tenure
An open-ended fund or scheme is one that is available for subscription and repurchase on a continuous basis. These schemes do not have a fixed maturity period. Investors can conveniently buy and sell units at Net Asset Value (NAV) related prices which are declared on a daily basis.
Under a Systematic Withdrawal Plan (SWP), an investor redeems a fixed number of mutual fund units at regular intervals.
Equity Linked Savings Schemes or Tax saving schemes or funds as they are also called are Equity Mutual Funds which have a lock-in period of 3 years and investments in which are eligible for tax deduction u/s 80C.
No, mutual funds only accept cheques or demand drafts.
Updated statements on Mutual Fund and Equity portfolios are sent on a monthly basis. However, these can be also be provided anytime on request.
No, original signatures are required on the application forms.
Yes. PAN No is required to meet the KYC (Know Your Client) requirements.
No, the application and cheque need to be issued by the same person who is investing in the fund.
A fund manager is very important because he is the captain of the ship and it is his views, opinions and thinking which will steer the investments made by the fund. So the track record and background of the fund manager is an important input while selecting the scheme. At the same time, the fund house/AMC to which the specific scheme belongs to is also important, as if the fund manager leaves tomorrow; the performance of the scheme should not get affected negatively
Systematic Transfer Plan (STP) is a facility by which a pre-determined amount can be transferred from one scheme of mutual fund to another scheme at pre-defined intervals.
Sector funds are mutual funds that invest largely in the equities of companies belonging to one sector or industry. Although they invest in diversified capital sizes of the stocks, they are sharply focused when it comes to the sector. This makes them highly rewarding and risky at the same time.
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