Q&A on Mutual Fund

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Originally Posted by ABCD

Do NRIs need to open some different account to invest in MF in demat form? (like investing through ICICI Direct.)

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Yes you need to open NRI trading account. Please visit the website of the broker, you wanted to open the account.

Please suggest which policy is better..Dividend or growth?

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Originally Posted by pawankumar

Please suggest which policy is better..Dividend or growth?

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You are asking about - MF or Policy?

i am precisely asking about MF.but if you have some good suggestions in Policies please share.Thanks!

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Originally Posted by pawankumar

i am precisely asking about MF.but if you have some good suggestions in Policies please share.Thanks!

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This is been already discussed here -
http://policywala.com/showthread.php...light=Dividend

How to exit or stop an SIP?

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Originally Posted by Rahul

How to exit or stop an SIP?

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Exit/Stop of SIP - You can cancel your SIP anytime you want. You have to intimate your bank to stop the ECS/PDC's and a letter should be given to the AMC for stopping the SIP. Please note, that the intimation to bank and the AMC should be done prior to 21 bank working days. Another thing is, if you stop the SIP before six months, there will be a deduction from the AMC's side along with STT. The deduction rate varies from AMC to AMC.

Do we need to submit KYC documents every year?
I have two ICICI Direct Demat account - one in my name and another in my wife's name.

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Originally Posted by Hemant

Do we need to submit KYC documents every year?
I have two ICICI Direct Demat account - one in my name and another in my wife's name.

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I have submitted KYC proof three times in three year, so no idea if it's every year or not. But if you have two accounts then both the owners need to submit the KYC documents.

Thanks Krypton!
But my first query is still pending - Do we need to submit KYC documents every year?