TINYWOW

TINYWOW

INVESTOR
Awareness Program
What do you do with your money?

SAVE? SPEND? INVEST?

DO NOT SAVE WHAT IS
LEFT AFTER SPENDING,
BUT SPEND WHAT IS
LEFT AFTER SAVING.
Warren Buffett
What's wrong with just saving?

INFLATION
INFLATION EATS
UP YOUR SAVINGS
OVER TIME !!!
What does inflation do to your “Expenses"?

IMPACT OF 5% YEARLY INFLATION ON EXPENSES

₹ 80,000
₹ 60,000₹6 30,000
₹ 40,000
₹ 30,000

₹800,000
₹ 40,000
₹ 30,000

Today 5 Years 15 Years 20 Years

*Approximate calculations
What does inflation do to your “Savings"?

IMPACT OF 5% YEARLY INFLATION ON SAVINGS

₹ 100,000

₹ 80,000

₹ 50,000

₹ 35,000
Today 5 Years 15 Years 20 Years

*Approximate calculations
 Solution?

INVESTING - THE SAFEGUARD AGAINST INFLATION

Start Saving … Put money to

Progress from a work rather than
earlier you start
Saving to Investing accumulating or
the better
keeping it idle

You work hard to

earn money … Benefit from the
So, make the Power of
money work hard Compounding
for you
 NEVER DEPEND ON SINGLE
INCOME.
MAKE INVESTMENT TO
CREATE A SECOND SOURCE.
Warren Buffett
Determine what are you investing for?

GOAL BASED
INVESTING

ALWAYS INVEST IN ASSETS

WITH YOUR SPECIFIC FINANCIAL
GOAL IN MIND
What are the various options?

MUTUAL
FUNDS GOLD

PROPERTY

STOCKS

INSURANCE

BANK
BONDS
DEPOSITS
Make your investments work for you

Be ACCESSIBLE and USABLE in parts and portions

Provide INCOME GROW in value and

when you need it appreciate over time

Be REALISABLE
Fight INFLATION for you at fair value and low cost
YOUR
INVESTMENTS
SHOULD

PROPER ASSET ALLOCATION IS THE ANSWER

What is Asset Allocation?

ASSET ALLOCATION IS
LIKE A BALANCED THALI
Asset Allocation should match your needs

INVESTMENTS THAT GROW IN VALUE INVESTMENTS THAT GENERATE INCOME

Property Bonds

Gold NSC/KVP

Art Collection PPF

Equity Shares Bank / Company Deposits

Mutual Funds Mutual Funds

ARE YOU INVESTING IN THE RIGHT ASSETS?

MUTUAL FUNDS
 What is a Mutual Fund?

• A mutual fund is the trust that pools the savings of a number of investors who share a common financial goal.

• Anybody with an investible surplus of as little as a few hundred rupees can invest in Mutual Funds.

• Money collected is invested by a professional fund manager in different types of securities.

• Securities could range from shares to debenture, from Government Bond to money market instruments, de
pending upon the scheme’s stated objective.

• Mutual Fund investment gives the market returns and not assured returns.

• In the long term market returns have the potential to perform better than other assured return products.

• Investment in Mutual Fund is the most cost efficient as it offers the lowest charge to the investor
How does a Mutual Fund work?

POOL THEIR
MONEY
INVESTORS FUND
MANAGER

DELIVERED TO
INVEST IN

RETURNS STOCKS/
SECURITIES
HELPS
GENERATE
 Why invest in Mutual Funds?

Professional Well Regulate

Low Cost Liquidity
Management by SEBI

Convenient Risk Transparency

(Invest small Diversification
Amounts)
MUTUAL FUND STRUCTURE &
SCHEME CATEGORIES
 Structure of Mutual Fund at a glance …

Execute a Trust Deed to form a trust

Sponsors Trustees

Mutual Fund is established as a

Trust under Indian Trust Act, 1882

Asset Management
Investors Mutual Fund
Investment Management & Company
Day-to-day Operations

Custodian

Agents/ Registrar &

Bankers Fund Accountants
Distributors Transfer Agency
 Types of Mutual Funds

Organisational Management Investment Investment Other Fund

Structure of Portfolio Objective Portfolio Types

Open Ended Funds Active Funds Growth Funds Equity Funds Exchange Traded
Funds (ETF)

Debt Funds Gold ETF

Passive Funds
Close Ended Funds Income Funds ELSS

Hybrid Funds Retirement/Pension

Scheme
Interval Funds Hybrid Funds Overseas Funds
Liquid Funds
Fund of Funds
 Categorization of Mutual Fund Schemes

As per SEBI guidelines on Categorization and Rationalization of schemes issued in October 2017, mutual fund schemes are
classified as -

Equ ity Debt Hybrid S olution Oriented Oth er Schemes -

S chemes S chemes S chemes S chemes - For Index Funds & ETFs and
Retirement and Children Fund of Funds

• Under Equity category, Large, Mid and Small cap stocks have now been defined.

• Naming convention of the schemes, especially debt schemes, as per the risk level of underlying portfolio
(e.g., Credit Opportunity Fund is now called Credit Risk Fund)

• Balanced / Hybrid funds are further categorised into conservative hybrid fund, balanced hybrid fund and aggressive
hybrid fund etc.
EQUITY SCHEMES
Equity Funds

Invests inequities Seeking long term Suitable for

and equity related growth, but volatile investors with
instruments in the short term higher risk appetite
of companies and longer
investment horizon
 Equity Funds Categories

Multi Cap Fund* • At least 65% investment in equity & equity related instruments

Large Cap Fund • At least 80% investment in large cap stocks

Large & Mid Cap Fund • At least 35% investment in large cap stocks and 35% in mid cap stocks

Mid Cap Fund • At least 65% investment in mid cap stocks

Small cap Fund • At least 65% investment in small cap stocks

*Also referred to as Diversified Equity Funds

 Equity Funds

Dividend Yield Fund • Predominantly invest in dividend yielding stocks, with at least 65% in stocks

Value Fund • Value investment strategy, with at least 65% in stocks

Contra Fund • Scheme follows contrarian investment strategy with at least 65% in stocks

• Focused on the number of stocks (maximum 30) with at least 65% in equity & equity
Focused Fund related instruments

Sectoral/Thematic Fund • At least 80% investment in stocks of a particular sector/theme

• At least 80% in stocks in accordance with Equity Linked Saving Scheme, 2005, notified by
ELSS Ministry of Finance
Equity Linked Savings Scheme (ELSS)

Deduction from Invests Shortest lock-in

taxable income of predominantly period of 3 years as
upto Rs. 1,50,000 in equity compared to other
under Sec 80C tax saving options
DEBT SCHEMES
Debt Funds

Invest in different Aims to earn Suitable for

types of fixed interest income and investors seeking
income securities capital appreciation income at moderate
risk
 Debt Funds Categories

Overnight Fund • Overnight securities having maturity of 1 day

Liquid Fund • Debt and money market securities with maturity of u pto 91 days only

• Debt & Money Market instruments with Macaulay duration of the portfolio between 3
Ultra Short Duration Fund months - 6 months

• Investment in Debt & Money Market instruments with Macaulay duration portfolio
Low Duration Fund between 6 months- 12 months

Money Market Fund • Investment in Money Market instruments having maturity upto 1 Year

• Investment in Debt & Money Market instruments with Macaulay duration of the portfolio
Short Duration Fund between 1 year - 3 years
 Debt Funds

• Investment in Debt & Money Market instruments with Macaulay duration of portfolio
Medium Duration Fund between 3 years - 4 years

Medium to Long • Investment in Debt & Money Market instruments with Macaulay duration of the portfolio
Duration Fund between 4 - 7 years

• Investment in Debt & Money Market Instruments with Macaulay duration of the portfolio
Long Duration Fund greater than 7 years

Dynamic Bond • Investment across duration

• Minimum 80% investment in corporate bonds only in AA+ and above rated
Corporate Bond Fund corporate bonds

• Minimum 65% investment in corporate bonds, only in AA and below rated

Credit Risk Fund corporate bonds
 Debt Funds

• Minimum 80% in Debt instruments of banks, Public Sector Undertakings, Public Financial
Banking and PSU Fund Institutions and Municipal Bonds

Gilt Fund • Minimum 80% in G-secs, across maturity

Gilt Fund with 10 year

• 80% in G-secs, such that the Macaulay duration of the portfolio is equal to 10 years
constant Duration

• Minimum 65% in floating rate instruments (including fixed rate instruments converted to
Floater Fund floating rate exposures using swaps/derivatives)
HYBRID SCHEMES
Hybrid Funds

Invest in a mix of Gain from a healthy Ideal for investors

equities and debt dose of equities but who are looking for a
the debt portion mixture of safety,
fortifies them against income and modest
any downturn capital appreciation
 Hybrid Funds

SEBI has classified Hybrid funds into 7 sub-categories as follows:

• 10% to 25% investment in equity & equity related instruments; and
Conservative Hybrid Fund
• 75% to 90% in Debt instruments

• 40% to 60% investment in equity & equity related instruments; and

Balanced Hybrid Fund
• 40% to 60% in Debt instruments

• 65% to 80% investment in equity & equity related instruments; and

Aggressive Hybrid Fund
• 20% to 35% in Debt instruments

• Investment in equity/ debt that is managed dynamically (0% to 100% in equity & equity
Dynamic Asset Allocation
related instruments; and
or Balanced Advantage • 0% to 100% in Debt instruments)

• Investment in at least 3 asset classes with a minimum allocation of at least 10%

Multi Asset Allocation
in each asset class

• Scheme following arbitrage strategy, with minimum 65% investment in equity &
Arbitrage Fund
equity related instruments

• Equity and equity related instruments (min.65%);

Equity Savings • Debt instruments (min.10%) and
• Derivatives (min. for hedging to be specified in the SID)
SOLUTION-ORIENTED
&
OTHER SCHEMES
 Solution Oriented & Other Schemes

Retirement Funds • Lock-in for at least 5 years or till retirement age whichever is earlier

Children’s Funds • Lock-in for at least 5 years or till the child attains age of majority whichever is earlier

Index Funds/ ETFs • Minimum 95% investment in securities of a particular index

Fund of Funds
• Minimum 95% investment in the underlying fund
(Overseas/ Domestic)
Index Funds

Portfolio replicates Aims to provide Suitable for

the index returns in line with investors seeking
index returns similar to
index
 Index Funds

• Index funds create a portfolio that mirrors a market index

• The securities included in the portfolio and their weights are the same as that in the index

• The fund manager does not rebalance the portfolio based on their view of the market or sector

• The fund offers the same return and risk represented by the index it tracks

• The fees that an index fund can charge is capped at 1.5%

• Investors have the comfort of knowing the stocks that will form part of the portfolio, since the composition of
the index is known.
 Exchange Traded Funds (ETFs)

• An ETF is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an
index fund.

• Unlike regular mutual funds, an ETF trades like a common stock on a stock exchange. The traded price of an
ETF changes throughout the day like any other stock, as it is bought and sold on the stock exchange.

• ETFs are passively managed, which means that the fund manager makes only minor, periodic adjustments to
keep the fund in line with its index.

• Rather than investing in an ‘active’ fund managed by a fund manager, when you buy units of an ETF you're
harnessing the power of the market itself.

• Because an ETF tracks an index without trying to outperform it, it incurs lower administrative costs than
actively managed portfolios.
 Gold Exchange Traded Funds

• Gold ETF is a open ended scheme which invest pure physical gold bullion of 99.5 per cent purity.
The scheme may also invest gold related instruments approved by SEBI and Gold Deposit Scheme of banks up
to 20% of net assets

• Gold ETFs issue units against gold held in the portfolio. Each unit represents a defined weight in gold, typically
one gram.

• The price of Gold ETF unit moves in line with the domestic price of gold.

• Gold ETF are benchmarked against the price of gold.

• Gold ETFs are considered as non-equity mutual funds for the purpose of taxation.

Eligible for long-term capital gains benefits if

No wealth tax is applicable on Units of Gold ETFs
held for 3 years
 International Funds

• International funds enable investments in markets outside India, by holding in their portfolio one or more of the
following:

Equity of companies ADRs and GDRs of Debt of companies

listed abroad. companies. listed abroad.

ETFs of other Units of passive index funds Units of actively managed mutual
countries. in other countries. funds in other countries.

• International equity funds may also hold some of their portfolios in Indian equity or debt.

They can hold some portion of the portfolio in money market instruments to manage liquidity.
 Fund of Funds (FoF)

• Fund of funds are mutual fund schemes that invest in the units of other schemes of the same mutual fund or
other mutual funds (Hence FoF is also known as multi-manager fund).

• Its portfolio contains Units of different underlying mutual fund scheme in which the FoF has invested.

THE FOF WILL HAVE TWO LEVELS OF EXPENSES –

a) That of the scheme whose units the FoF invests in and

b) The expense of the FoF itself

- SEBI Mutual Funds Regulations have capped the total expenses that can be charged across both levels

FoF provide benefit of risk diversification and portfolio diversification with small amounts of investment.
 Arbitrage Funds

• “Arbitrage” is the simultaneous purchase and sale of an asset to take advantage of the price differential in the
two markets and profit from price difference of the asset on different markets or in different forms.

• Arbitrage fund buys a stock in the cash market and simultaneously sells it in the Futures market at a higher price to
generate returns from the difference in the price of the security in the two markets. The fund takes equal but
opposite positions in both the markets, thereby locking in the difference.

• The positions have to be held until expiry of the derivative cycle and both positions need to be closed at the
same price to realize the difference.

• The cash market price converges with the futures market price at the end of the contract period. Thus it delivers
risk-free profit for the investor/trader.

• Price movements do not affect initial price differential because the profit in one market is set-off by the loss in
the other market.

• Hence, Arbitrage funds are a good choice for cautious investors who want to benefit from a volatile market
without taking on too much risk.
 Mutual Fund Scheme - Which one to buy?

…. a matter of Risk Return Trade-Off

Risk Return Type of Scheme

Higher Risk Higher Returns Equity Schemes

Moderate Risk Moderate Returns Hybrid Schemes

Low - Moderate Risk Low - Moderate Returns Debt Schemes

Very Low Risk Lower Returns Liquids Schemes

Risk/Return Hierarchy

Debt Debt-oriented Hybrid Equity Sectoral Funds

Mid Cap Funds

>>Return<<
>>Return<<

Gilt & Bond Funds

Diversified Funds
Short Term Funds
Large Cap Funds
Ultra Short Term Funds
Equity-oriented Hybrid
Liquid Funds

Overnight Funds Equity Savings Funds

Low Med High Low Med High

>>Risk<< >>Risk<<
SCHEME RELATED
DOCUMENTS
 Scheme Related Documents

• Scheme information document (SID)

Concise & detailed information that a prospective

SID contains information that is specific to a each
investor should know so as to take an informed
MF scheme.
decision to invest

• Statement of Additional Information(SAI)

SAI contains information with regards to each mutual fund and is common across all schemes of a mutual fund.

• Key Information Memorandum (KIM)

Simple to understand and contains key/essential

Abridged version of SID information that investors need to be aware about
before they invest

One must read & understand scheme related documents before investing in a mutual fund scheme.
 Factsheet

• Fact sheets help you assess a scheme and keep track of its
performance

• Issued every month

• Easy to understand and provides a snapshot of the scheme

• Show following key information at a glance:

- NAV

- Returns

- Fund Managers managing the portfolio

- Riskometer

- Other statistics allowing investors to compare mutual funds

and decide which ones to invest in.

Fact sheet is like a score card

PLANS & OPTIONS
 Direct Plans & Regular Plans

• All MF schemes offer a Direct Plan and Regular Plan for investments

YOU CAN INVEST

– DIRECTLY i.e., without involving or routing the investment through any distributor/agent in a ‘DIRECT PLAN’
OR

– Through / with the help of a Mutual Fund agent/distributor in a REGULAR PLAN

• Direct Plan has a separate NAV, which is higher than the normal “Regular” Plan’s NAV.

• Direct Plan has lower expense ratio as there is no distributor/agent involved

 Growth Option & Dividend Option

GROWTH OPTION DIVIDEND OPTION

- Capital appreciation in the investment are - Capital appreciation in the investment are paid /
ploughed back in the scheme and are reflected in distributed to the investors by way of dividend,
increase in the NAV. periodically.

- Investors do not receive any periodic payments. - Dividend payment is subject to availability of
distributable surplus in the MF scheme.
- Suitable for investors who do not require regular
income. - On dividend payment NAV of the scheme drops.

- Tax efficient - Dividends are tax-free in the hands of investors

but are subject to levy of Dividend Distribution
Tax (DDT).

- Suitable for investors who require income cash flow.

- Under Dividend Reinvestment sub-option, the dividend

proceeds are reinvested in the same scheme and
additional units are allotted.
 Modes of Investing

Lumpsum Systematic Systematic Inter Scheme

Investment – Initial Investment Plan Transfer Plan Switches
+ Additional (SIP) (STP)
 Systematic Investment Plan (SIP)

• SIP is a method of investing a fixed sum, at a regular interval, in a mutual fund scheme

• Similar to monthly saving schemes like a recurring deposit

ADVANTAGES
• Enables regular investments without any additional paperwork

• Convenient way to invest regularly through one time standing instruction

• Convenience of small installments

• Rupee Cost Averaging Benefit to counter volatility - it brings down the average cost of your Investments

• No timing the market!

 SIP: The Power Of Compounding

SIP of Rs. 1,000 invested per month @ 8% pa till the age of 60.

Starting Age Total Amount Invested Value at the age of 60

25 Rs. 4,20,000 Rs. 23,09,175

30 Rs. 3,60,000 Rs. 15,00,295

35 Rs. 3,00,000 Rs. 9,57,367

40 Rs. 2,40,000 Rs. 5,92,947

…the sooner you start, makes a lot of difference!

SIP: How Rupee Cost Averaging helps

Month Amount Rising Markets Falling Markets Volatile Markets

NAV (Rs) Units Allotted NAV (Rs) Units Allotted NAV (Rs) Units Allotted

1 10,000 10 1000.00 10 1000.00 10 1000.00

2 10,000 10.5 952.38 9.75 1025.64 10.5 952.38
3 10,000 12 833.33 9 1111.11 9 1111.11
4 10,000 14 714.29 7 1428.57 11 909.09
5 10,000 17 588.24 6.5 1538.46 13 769.23
6 10,000 18 555.56 6 1666.67 11.5 869.57
Total 60,000 81.50 4643.79 48.25 7770.45 65.00 5611.38
Avg. Purchase NAV 13.58 8.04 10.83
Avg. cost per unit 12.92 7.72 10.69

Put aside an amount regularly Discipline is the key Rupee cost averaging Control volatility

Note: The above example uses assumed figures and is for illustrative purposes only.
 Systematic Withdrawal Plan (SWP)

SWP is a facility which allows an investor to Under SWP, units equivalent to the amount
withdraw a fixed amount from the invesment in desired by the investor are redeemed and the
a MF scheme at pre-determined interval, such proceeds are credited to the bank account of
as monthly or quarterly basis. the investor on a pre-determined date.

SWP can be used a source of regular cash SWP also helps in supplementing your regular
flow especially for post-retirement planning. salary, etc. income by way of additional cash
flow
 HOW TO INVEST
IN MUTUAL FUNDS
 Steps for Investing in Mutual Funds

PRE-REQUISITES

KYC (Know Your

Customer) Process PAN Card Bank Account

STEPS TO COMPLETE KYC PROCESS

Visit any MF Branch Investor Service Centre / Branch with required KYC Documents, namely –

Identity Proof PAN Card, Aadhaar Card, Passport,

Address Proof Aadhaar Card, Passport, Tel. bill etc.
Voter’s card etc.

Submit Completed KYC form with photograph with required documents

AFTER COMPLETING KYC, YOU CAN OPEN A MF FOLIO WITH ANY MUTUAL FUND AND START INVESTING.
Modes of Investing

PHYSICAL MODE
(Traditional/Paper based)
AND

ON-LINE MODE
 How to invest in a Mutual Fund Scheme?

• One can invest in a Mutual Fund scheme Offline or Online

OFFLINE (PHYSICAL APPLICATION) MODE

– Duly completed scheme application form signed by all applicants
– Cheque or bank draft for the amount to be invested
– Submit the above at the branch office or designated Investor Service Centres (ISC) of mutual funds or
Registrar & Transfer Agents & MFU

ONLINE MODE
– Websites of the respective Mutual Funds
– Websites of Mutual Fund Distributors
– Buy mutual funds units through NSE – MFSS and BSE - STAR MF just like a company stock
– MF Utilities (MFU) a technology based shared service platform for MF transactions promoted by the
mutual fund industry for participating mutual funds.
 How to withdraw your money?

• Withdrawing your money from Mutual Fund scheme is called as Redemption or Repurchase

• You can withdraw full or partial amount or even a specific number of units

OFFLINE mode to redeem your mutual fund investments

- Unit holder needs to submit a duly filled and signed Redemption Request form to the AMC's or the
designated office

- All holders have to sign the Redemption form

- The proceeds from the redemption will be credited to the registered bank account of the first named unit
holder

ONLINE mode to redeem your mutual fund investments

- Log-on to the ‘Online Transaction’ page of the desired Mutual Fund

- Select the Scheme and the number of units (or the amount) you wish to redeem and confirm your
transaction.
 Performance Evaluation Principles

A MUTUAL FUND PROVIDES RELATIVE RETURN, WITH RESPECT TO ITS BENCHMARK.

- Returns have to always be seen in comparison with a fund’s benchmark

- Appropriate benchmarks should be used to evaluate a fund’s performance

THE RETURN OF A FUND SHOULD BE MEASURED OVER A PERIOD OF TIME, REPRESENTATIVE OF

RECOMMENDED HOLDING PERIOD AND OBJECTIVES OF THE FUND

- Debt funds are held for shorter periods

- Equity funds are held for longer periods

THE RETURN OF THE FUND HAS TO BE ADJUSTED FOR THE RISK IT HAS ASSUMED TO GENERATE
THE RETURN.

- Higher return with higher than proportionate risk, is a case of underperformance, compared to a fund with
higher return at lower risk
What is NAV?

The NAV (net asset value) is the market value of all the funds investments less liabilities
and expenses, divided by outstanding number of units for the firm.

NAV is important as it is the basis for valuing an investor’s holding of units in a mutual
fund, and the relative appreciation of the same.

Mutual Fund NAVs are published daily on AMFI’s website, Mutual Fund Websites,
leading newspapers, etc.
 Product Labelling

• Mutual funds are required to ‘Label’ their schemes on the following parameters:

• Nature of scheme in an indicative time horizon (short/medium/long term)

• A brief about the investment objective (in a single line sentence) followed by kind of product in which investor is
investing (Equity/Debt).

LEVEL OF RISK, DEPICTED BY ‘RISKOMETER’ AS UNDER: RISKOMETER

- Low - principal at low risk Moderate

- Moderately Low - principal at moderately low risk

- Moderate - principal at moderate risk
- Moderately High -- principal at moderately high risk LOW HIGH
- High - principal at high risk Investors understand that their principal
will be at Moderate risk

• A disclaimer saying: “Investors should consult their financial

advisers if they are not clear about the suitability of the product.”
 Nomination Facility

• Facility that enables an individual unitholder (including sole proprietor of sole proprietary concern) to nominate a
person, who can claim the Units held by the unitholder or the redemption proceeds thereof in the event of death
the unitholder.

• If the Units are held jointly by more than one person, all joint unit holders are required to together nominate a
person in whom all the rights in the units would vest in the event of death of all the joint unit holders.

• Nomination can be made either at the time of initial application for purchase of Units or subsequently.

• Nomination once made can be changed subsequently any time and any number of times.
 Why is Nomination important?

• In case nomination is not made by a Unitholder, the Units would be transmitted to the account of legal heir(s),
depending whether the deceased person has left behind a Will and as per applicable succession law, which
involves lengthy (and sometimes expensive & cumbersome) procedure.

• Nomination is a simpler and inexpensive way to make things easy for one’s near and dear ones to claim the money
in your mutual fund folio, demat account or bank account expeditiously, through minimal paper after one’s death.

• To claim the Units after the death of a unitholder, the nominee has to complete the necessary formalities, such as
completion of KYC process, along with proof of death of the unit holder, signature of the nominee duly attested,
furnishing of proof of guardianship in case the nominee is a minor, and such other document as may be required
for transmitting the units in favour of the nominee(s).
 How to Nominate?

• Nomination can be made either at the time of initial application for purchase of Units or subsequently.

Note:

To make a nomination while investing with a mutual fund for the first time, the applicant may by fill up the ‘Nomination’
section provided in the folio opening application form.

To register a nomination subsequently, the investor needs to fill up the prescribed Nomination form and submit the duly
completed Nomination form at the designated investor service Centre of ICICI Prudential Mutual Fund or its Registrar.

Nomination once made can be changed subsequently any time and any number of times.

Important: The Nomination Form is required to be signed by the unit holder (with hand-written signature). In case the units
are held jointly, all joint holders will need to sign the nomination form, irrespective of the mode of operation of the account
(i.e., whether by ‘anyone or survivor’ or ‘jointly’).
 Know Your Customer (KYC)

To invest in Mutual Funds, you will need to complete your Know Your Customer (KYC)
requirements. You can do so by visiting any AMC branch or nearest Point of Service and
submitting the completed KYC Form along with all the required self-attested documents.

Individual investors would be required to submit the following documents

A Proof of
A recent A Proof of Address
passport identity - A copy of your
sized - A copy of your Voter ID card,
Photograph PAN card Passport or
Driving License

If you are already KYC Verified and would like to update any of your information, you can
submit a completed KYC Details Change Form with the required self-attested documents at
your nearest AMC branch or Point of Service.
SEBI Registered Mutual Funds

We advise investors to make informed decisions and investors are

cautioned to invest only with SEBI registered Mutual Funds.

List of Registered Mutual Funds is available at

https://www.sebi.gov.in/intermediaries.html
 SEBI Complaints Redress System

SEBI has provided a centralized web based complaints

redress system on its portal, named 'SCORES’.

If you are not satisfied with the response from a particular

Mutual Fund/company/intermediary, you may then lodge an
online complaint with SEBI through SCORES to get your
complaint redressed.

SEBI takes up the complaints registered via SCORES with

the concerned company / mutual fund / intermediary for
timely redressal.

TO LOG ON TO SCORES SYSTEM, PLEASE VISIT

HTTP://SCORES.GOV.IN/

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