What are all the Service Requests involved in Mutual Fund?

Bank Account Registration:

If you change your bank, you can register the new bank account by filling up the 'bank account registration form'. You can also request for deletion of details of the existing bank account or register multiple accounts, for your investments in your folio number.

Consolidation of Folios:

Many of us invest in mutual funds without mentioning our old folio number. This results in creation of multiple folios. In the end, it is too confusing to hold many folios, that too in the same mutual fund. Hence, there is a need to consolidate these folios. You can fill up the 'folios consolidation form'. This will bring all yours investments under a single folio, making it simpler for you to manage and track them.

Updation of Address/Contact Details:

Many of us have been investing over the years, but have not provided details like our e-mail address or mobile numbers to the mutual fund house. Registering these details helps faster flow of communication. So as soon as a transaction takes place in your account, you are alerted by an SMS or e-mail. An account statement is sent to you by email. These services are free.

Change of Name/Signature:

Many a time post marriage, there is a name change, which you need to effect in your investments also. All you need to do is fill up the form concerned and submit it with a copy of the gazette or marriage certificate specifying the name change. A banker must attest the document. You also need signatures of all the holders in the folio. Once this is submitted to the mutual fund, the name change will be effected.

Cheque Reissuance:

If you have misplaced the cheque for your dividend or repayment, you can request a new one by with the cheque re-issuance form. The request has to be signed by all holders.

Nomination Form:

If you have not appointed a nominee, you can appoint one. You can even change the nominee you have already appointed. If you have one nominee, you can also add another nominee and make a respective percentage allocation in the ratio that suits you.

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Also, know how to buy mutual funds online:

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BHIM App

What is BHIM? BHIM stands for Bharat Interface for Money , which is an easy way of transferring money from one bank account to an other via a smartphone using the Unified Payments Interface (UPI) platform . It is an instant payments application meant for sending money as well as requesting for payments. How is it different from UPI? BHIM is no different than UPI. But in the case of BHIM, customers don't have to download mobile applications of multiple banks, instead a single BHIM app downloaded from Android Play Store is sufficient. Other than that, payments can be made through a virtual payments ID or through account number and IFS code, same as UPI. What you need to use BHIM? BHIM can be used across an droid smartphones with version 4.0 and above, also it will be made available on iPhones and Windows smartphones very soon. Further, for feature phone users they need to use the USSD feature by dial ing *99#. Why was the need for BHIM felt when UPI is already in place? With various...

NPS for Tax Saving

The NPS is a great way to save tax if you don't mind locking in your money till you retire. Till last year, the taxability of the NPS was a big issue. But last year's Budget changed the rules and made 40% of the corpus tax free. The PFRDA wants that the balance 60% to be exempt from tax as well. The emphasis is on increasing pension coverage. So, allowing EEE status (to NPS ) is our major demand (in the Budget NPS is especially useful for investors who may have exhausted the `1.5 lakh investment limit under Section 80C but want to save more. Another way the NPS can cut tax is by rejigging the salary.If a company deposits up to 10% of the basic salary of an employee in the NPS under Section 80CCD(2d), the amount will be tax free. Turn to page 28 to see how much tax this can save. However, the take-home pay of the employee will come down. Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 10 Tax...

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ELSS Funds are Best Tax Saving Option

Equity-linked saving schemes (ELSS) are the best way to save tax in 2017 . The Economic Times assessed 10 tax-saving options on eight key parameters, including returns, safety , liquidity , costs, transparency , flexibility , ease of investment and taxability of income. ELSS funds scored highest, followed by the National Pension System (NPS) and Ulips at the second and third place, respectively . The terrific returns generated by ELSS (CAGR of 18.7% in past three years and 17.46% in past five years) are not the only plus point of these funds. Their costs are very low (2.52.75% a year) and all charges, portfolios and transactions are in the public domain. Returns are tax free because long-term capital gains from equity funds are exempt and they have the shortest lock-in period of three years. Investing in ELSS funds has now become very easy with the launch of the e-KYC facility . The whole process does not take more than 30-35 minutes. The Pension Fund Regulatory and Development Aut...

Invest in Tax Saving Mutual Funds	Download Any Applications
Transact Mutual Funds Online	Invest Online
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Invest in Tax Saving Mutual Funds	Download Any Applications
Transact Mutual Funds Online	Invest Online
Buy Gold Mutual Funds	Invest Now

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