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What are the documents to be submitted along with a purchase application during mutual fund buy?

 

 

The following documents are to be submitted along with the purchase application depending on the status mentioned in the application.

 

Every person shall quote his PAN in all investments more to a Mutual Fund for purchase of its units, including fresh/ additional purchase, switch, Systematic Investment / Transfer Provide copy of PAN card, or PAN allotment letter or any intimation from Income tax Department quoting PAN as proof of PAN.

 

KYC is mandatory after Oct 1, 2010

 

COMPANIES / BODY CORPORATE:

 

·  Certified Copy of the Board Resolution.

·  List Containing names and signatures of the signatories, authorized as per the board resolution.

·  Copy of the Memorandum and Articles of Association of the company duly attested by the Company Secretary.

 

PARTNERSHIP FIRMS:

 

·  Copy of the partnership deed duly attested by any one of the partners.

·  Signatures of the partners attested by their bankers.

·  Copy of the resolution signed by the partners, authorizing investments and disinvestments in the Fund.

 

TRUST:

 

·  Copy of the trust deed attested by the trustees / Secretary.

·  Copy of the resolution passed by the trustees

·  List of trustees and signatures authorized as per the resolution duly attested by bankers / secretary of the Trust.

 

CO-OPERATIVE SOCIETIES:

 

·  Copy of the registration certificate attested by the secretary of the society.

·  Copy of the Resolution duly attested by the secretary / office bearer of the society.

·  List of members and their signatures, attested by the bankers.

 

NON-RESIDENT-INVESTORS:

 

On Repatriation Basis:

In case Indian rupee drafts are purchased abroad or payment is made from debit to NRE / FCNR account, an account debit certificate from the bank issuing the draft confirming the debit.

On Non-Repatriation Basis:

In case Indian rupee drafts are purchased abroad or from FCNR / NRE account an account debit certificate from the bank issuing the draft confirming the debit shall be enclosed along with the application form

For subscriptions amounts remitted out of debit to the FCNR / NRE account the Application form must be accompanied with a " Foreign Inward Remittance Certificate (FIRC), issued by the investors bankers

 

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