| 01. |
Can I avail nomination facility in Mutual Fund schemes purchased through Sharekhan.com ? |
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Currently nomination
facility is not available on sharekhan.com |
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| 02. |
Do I need a MIN number to invest in mutual funds ? |
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At present for all
transactions of Rs. 50,000 and above, you require to provide MIN (Mutual
Fund Identification Number), failing which the order will get
rejected. This is issued by CDSL. For application and details,
please visit www.amfiindia.com |
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| 03. |
Do I need to transfer funds for investing in Mutual Funds ? |
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You need to first
transfer funds from your personal bank account to your Sharekhan
Mutual Fund pool account using the payment gateway service of
CITI Bank, HDFC Bank, ICICI Bank, Union Bank of India, UTI Bank,
and YES Bank. Kindly note that you cannot utilize your secondary
account funds lying with Sharekhan for Mutual Fund nor transfer
it. |
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| 04. |
How do I place orders ? |
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Once you have successfully
transferred the funds, click on Place Order. This will list
all Mutual Funds available. Select your choice of Mutual Fund
and click on Detail. This will list all Schemes available under
this Mutual Fund. Select your choice of Scheme and click on
BUY. Just fill in the required details and Submit. |
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| 05. |
Can I MODIFY/CANCEL my transactions ? |
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You cannot modify
your order. Should you wish to change it, you need to cancel
your existing order and then place a new order.. |
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| 06. |
Will I get an online confirmation of my transactions ? |
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As soon as you confirm
your order you can view the details of your transaction in the
order book.
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| 07. |
Can I transact anytime during the day ? |
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Yes, you can transact at any time of the day. However, in
order to get the NAV of the current day you would have to
transact before the cut-off time
For Online customers :
The Cutoff time for transactions on exchange platform through MFSS is as follows :
1.For transactions equal to or greater than Rs. 2 lakhs the
cut off time is 12.00 noon.
2.For transactions less than Rs. 2 lakhs the cut off time
is 2.00p.m.
The Cutoff time for investment through RTA mode is 1.00 p.m :
If you place any order after the said cutoff time, you would be eligible for
NAV of the next day.
In order to get the NAV of the same day, you can purchase
up to the cutoff time of the scheme as specified by Sharekhan
Limited against each scheme, after which you will get the
next day's NAV. (If the next day is a holiday, then the NAV
of the next working day).
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| 08. |
Is there a minimum transaction amount for each scheme ? |
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As decided by the
fund, there is a minimum transaction amount indicated against
each scheme. You will get to see the minimum transaction amount
in the Place Purchase Order screen. |
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| 09. |
Can I use the funds allocated for investments in trading account towards investments in Mutual Fund ? |
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In order to invest
in Mutual Fund, you will need to separately transfer funds from
your bank account. The funds in your trading account cannot
be transferred to your mutual fund account. |
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| 10. |
When will be able to see my purchase details ? |
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The details of your
transactions will be immediately updated in your order book.
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| 11. |
How do I redeem my Mutual Fund scheme units ? |
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Click on the link
"REDEEM/SWITCH" button. This will display all the
scheme units held by you, with details against each scheme.
Click on the REDEEM option to place your redemption request.
You can either redeem a certain amount or specify the number
of units held by you. There is a minimum transaction amount
that is indicated against each scheme. A cut off time is also
displayed to get that day's NAV. The details of your transactions
will be immediately updated in your order book. |
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| 12. |
Will TDS be deducted on the redemption of units ? If yes what will be the basis of deduction of TDS ? |
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TDS is not deducted
on the sale proceeds for Resident Indians. |
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| 13. |
How do I switch from a particular scheme ? |
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Click on the link "REDEEM/SWITCH" button. This
will display all the scheme units held by you, with details
against each scheme. Click on the SWITCH option to place your
switch request. Click on the scheme you wish to Switch From.
There is a minimum transaction amount indicated against the
scheme. Also the scheme you wish to "Switch To"
carries a minimum transaction amount. Therefore the amount
which you will be switching will be higher of the two. The
details of your transactions will be immediately updated in
your order book.
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| 14. |
Will TDS be deducted on dividend received ? |
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No, TDS will not
be deducted on Dividend payments for both Resident as well as
NRI's. |
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| 15. |
If I change my address, what do I need to do ? |
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For change of address,
you will have to send a letter to us with both the old and new
address mentioned in it. All the co-holders should sign this
letter. It can be sent by post or faxed to us. |
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| 16. |
Can I transact on a holiday ? |
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Yes, You can place
your request even on a holiday. However, the request would be
processed on the next business day and respective NAV would
be applicable as per the Mutual Fund's offer document. |
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2024 Sharekhan Pvt. Ltd. All Rights Reserved. |
