THINGS TO MIND
Six things you should keep in mind when filling a form.
nt no.Accou 780001 564 2 L E R
Re-invest in the same folio for a. Easy management b. Consolidated view c. Tracking ease WATCH OUT FOR A new folio number will increase the account statements you will need to maintain
Choose the way you accumulate. Go for a. Dividend option: for regular income or to regularly book profits b. Growth option: to target a lump sum WATCH OUT FOR If you don’t choose, you get the fund’s ‘default option’ Choose the right ‘who am I’ box a. Tick the ‘retail’ box if you are an individual investor. Minimum investment: Rs5,000 b. Tick ‘institutional’ if you are a high net worth individual (HNI). Minimum investment (varies between banks): Rs25 lakh-1 crore WATCH OUT FOR If you tick ‘institutional’ for investment less than Rs25 lakh-1crore, your application may get rejected Choose your SIP start date carefully a. Typical SIP start-dates of a month: 1st, 7th, 10th, 15th, 20th, 25th WATCH OUT FOR Your SIP start date should be at least a month away from your application/first cheque date. Else your application will be rejected.
Signature.-
Think about your ‘mode of holding’ carefully. a. Choose ‘joint’ and all investors will need to sign for every investment, switch or redemption b. Choose ‘either or survivor’ and any one investor can sign. Even the second investor can sign for an investment, switch or redemption WATCH OUT FOR The fund’s ‘default option’ will kick in if you forget to choose
Have PAN, must quote a. Quote your PAN in the application form, in addition to submitting the PAN card copy WATCH OUT FOR You will keep getting faulty reminders to quote your PAN if you haven’t already, even if you have submitted your PAN copy
PAN. NO