Mutual Funds · intermediate
Investor Services & Transactions
How investing in a mutual fund works in practice: new fund offers, KYC, the application form, purchases, redemptions and switches, SIP, STP and SWP, cut-off times, account statements, nomination and transmission, the complaint route and special investor types.
- 01NFO Process — New Fund Offer ExplainedA New Fund Offer (NFO) is the first subscription window of a new mutual fund scheme. This lesson covers how long it stays open, when units are allotted or money refunded, the minimum a scheme must collect and why a ₹10 unit is not cheap.
- 02KYC Requirements — CKYC, In-Person VerificationKnow Your Customer (KYC) is the identity and address check every investor completes before investing in a mutual fund. This lesson covers how it is done, which documents count, when PAN is needed and what a KYC status means.
- 03Application Form — How to Fill CorrectlyThe application form, on paper or online, is how an investor subscribes to a scheme. This lesson goes through what the form records, where a mismatch causes rejection, the nomination choice and how stamp duty affects the units allotted.
- 04Types of Transactions — Purchase, Redemption, Switch, STPAn investor transacts in a mutual fund by purchase, redemption, switch or systematic transfer. This lesson explains what each one is, when redemption money is paid and which transactions are taxable events.
- 05Systematic Transactions — SIP, STP, SWP Setup & OperationsSystematic plans repeat a transaction at set intervals: a SIP buys, an STP transfers and an SWP redeems. This lesson explains how each works, how holding periods and tax apply and what a SIP does and does not do.
- 06Cut-off Time & Time Stamping RulesThe cut-off time decides which day's NAV applies to a purchase or redemption. This lesson sets out the cut-offs for liquid, overnight and other schemes, why the arrival of money matters and how requests are time-stamped.
- 07Account Statement, CAS & Digital RecordsAccount statements are the investor's record of transactions and holdings. This lesson explains the transaction confirmation and the Consolidated Account Statement (CAS): who issues it, when it is sent and what the half-yearly statement shows about costs.
- 08Non-Financial Transactions — Nomination, Address Change, TransmissionNon-financial transactions change an investor's records without moving money or units. This lesson covers changes of contact and bank details, nomination, transmission of units after a death, a minor turning 18 and the folio lock.
- 09Investor Grievance Redressal — SCORES & Online Dispute ResolutionA mutual fund investor with a complaint follows a set route: the fund house, then SEBI's SCORES portal, then online dispute resolution. This lesson explains each step, its time limit and what the route does not cover.
- 10Special Categories — NRI, Minor, HUF, Trust, CorporateSome investors follow extra rules or need extra documents: non-resident Indians, minors, Hindu Undivided Families, companies and trusts, and small investors without PAN. This lesson sets out what is different for each.