Q&A on Mutual Fund

[Matrix]

Hi All,

I am starting new topic for all the new starter's of MF. Please ask your qustions/queries on MF Investment, terms and Typs etc.. Will try to answer with best of my knowledge.

Regards
Matrix

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[nishant]

What is the meaning of lockin period in MF?

[Mukulz]

I have query -
1- What is Gold ETF?
2- How to Trade in GOLD ETF?

[Deep Blue]

I have query -
1- What is Gold ETF?
2- How to Trade in GOLD ETF?

Gold - Exchange Traded Funds are Gold ETF. They are like MF.
Just like MF.

[gvkc]

What is KYC? Why it is required? Is it there for every customer?

[>take]

What is KYC? Why it is required? Is it there for every customer?

KYC - W.E.F. February 1, 2008, Investors in Mutual Funds investing Rs. 50,000/- and above are required to comply with Know Your Client (KYC) norms under the Prevention of Money Laundering Act 2002 (PMLA). More Info - wikipedia.org

[Kumarishant]

Know Your Customer (KYC) refers to the process of verifying the identity of your customers, either before or during the time that they start doing business with you.

[CONFUSED]

What is the meaning of lockin period in MF?

In all tax saving (elss) funds, there is a lock in period of three years i.e u have to remain invested for at least 3 yrs from the date of investment.You cannot withdraw your money from a Tax Savings Funds for 3 years.

For eg. If you have invested your first installments (through SIP) in An ELSS fund on 1st January' 2008, then its lock in period will end on 1st Jan' 2011 and the second one if invested on 1st February' 08 then its lock in period will end on 1st Feb' 2011.

[pawankumar]

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

[CONFUSED]

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

You are asking about - MF or Policy?