SEBI announced new guidelines for the mutual fund industry. New investors will now have to shell out an additional Rs 150 for investment of Rs 10,000 and above in mutual funds, while the existing investors will be charged Rs 100 as transaction fees. SEBI had banned the entry load … [Read more...] about Sebi : MF investors to pay Rs. 100-150 fee to invest
Mutual Fund
What is a Nomination?
What is a Nomination? An investor can nominate a person(s) called nominee(s) to whom his/her Mutual Fund Units will be transferred on his / her demise. The investment proceeds will get transferred to the nominee registered on the demise of the Investor. What are the … [Read more...] about What is a Nomination?
Non-acceptance of Third Party Payments for mutual fund subscriptions effective November 15, 2010
As per guidelines issued by the Association of Mutual Funds in India (AMFI), mutual funds are required to put in place strong processes by November 15, 2010 to ensure that Third-Party payment instruments are not used for mutual fund subscriptions. When payment is made from a … [Read more...] about Non-acceptance of Third Party Payments for mutual fund subscriptions effective November 15, 2010