Mutual Fund: News

• Sundaram BNP Paribas SMILE Fund, 38 per cent yearly return
  
The Sundaram BNP Paribas SMILE Fund shows 38% yearly return boosting investor's confidence to hold the funds units. ......
• Life insurers oppose MF houses selling insurance
  
Life insurance companies are facing major concerns on sale of insurance cover by mutual funds industry as this could hamper their distribution network. ......
• HDFC to list mutual fund business before insurance
  
HDFC plans to list its mutual fund business before the life insurance company i.e. HDFC Standard Life. HDFC also plans to bring out the IPO of HDFC Mutual Fund in the third quarter of 2009-10. ......
• SEBI approves Religare AEGON AMC to start MF business
  
SEBI approved Religare AEGON Asset Management Company to begin mutual fund business in India. ......

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Mutual Fund: FAQs

• Is there a body that handles investor complaints redressal?
  
The name of contact person to approach for queries, complaints, or grievances is mentioned in the offer document. ......
• How long does it take for transfer of units after purchase from stock markets in case of close-ended schemes?
  
SEBI regulations require that transfer of units be done within thirty days from the date of lodgment of certificates with the mutual fund. ......
• When does an investor get a certificate or statement of account after investing in a mutual fund?
  
Mutual funds are required to send out certificates or statements of accounts within six weeks from the date of closure of the initial subscription of the scheme. ......
• Are there any aspects in an offer document, particularly important for investor?
  
Read to know important aspects in an offer document. ......

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Decision-making Corner

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