An ideal MF investor is one who is aware of his/her rights, and disciplined and serious about his/her duties too.
1. Some important RIGHTS you enjoy are:-
a) Freedom to go through offer documents of schemes.
b) Receiving email/SMS alerts relating to your investments.
c) Receiving a consolidated monthly/half-yearly statement of all fund-related transactions in each scheme across all fund houses.
d) Receiving annual reports, periodic updates and other important communications including proposed changes in a scheme’s attributes.
e) Right to know your distributor's commission for your scheme as well as similar schemes sold by him for your comparison.
f) Receiving prompt redemption proceeds and dividend payouts, with applicable interest in case of delays.
g) Redressal of your complaints through proper channels, including Compliance officer, CEO, AMFI and SEBI, to your satisfaction.
a) Freedom to go through offer documents of schemes.
b) Receiving email/SMS alerts relating to your investments.
c) Receiving a consolidated monthly/half-yearly statement of all fund-related transactions in each scheme across all fund houses.
d) Receiving annual reports, periodic updates and other important communications including proposed changes in a scheme’s attributes.
e) Right to know your distributor's commission for your scheme as well as similar schemes sold by him for your comparison.
f) Receiving prompt redemption proceeds and dividend payouts, with applicable interest in case of delays.
g) Redressal of your complaints through proper channels, including Compliance officer, CEO, AMFI and SEBI, to your satisfaction.
2. Some important DUTIES you have to fulfill are:-
a) Keep all personal information, including KYC and bank-related details, updated with the invested fund houses.
b) Make nominations to each and every invested scheme.
c) Read and understand any fund-related document before signing, and never pre-sign any blank document or form.
d) Go through your portfolio statement carefully and take up discrepancies with the fund house immediately.
e) Keep a tab on your investments and NAVs on a regular basis, but never make it a habit to look at it on a daily basis.
a) Keep all personal information, including KYC and bank-related details, updated with the invested fund houses.
b) Make nominations to each and every invested scheme.
c) Read and understand any fund-related document before signing, and never pre-sign any blank document or form.
d) Go through your portfolio statement carefully and take up discrepancies with the fund house immediately.
e) Keep a tab on your investments and NAVs on a regular basis, but never make it a habit to look at it on a daily basis.