Mutual Funds

Mutual Funds

What is a Mutual Fund?

A Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. The corpus of the fund is then deployed in investment alternatives to meet predefined investment objectives of the mutual fund scheme. The income earned through these investments and the capital appreciations realized are shared by its unit holders in proportion to the number of units owned by them.

The advantages of investing in mutual funds are:

  • Access to professional fund managers
  • Diversification
  • Low Cost
  • Flexibility
  • Liquidity

Mutual funds offer different schemes as detailed below to choose from to suit the investment needs of customers depending upon their appetite for taking market risks.

Equity Linked Schemes Since the investments by the fund under the scheme are made exclusively in Equities that are linked to market, there is scope for high returns and capital appreciation. This is most suited for investors having higher appetite for taking risks.
Debt Funds Debt funds are ideally suited for those who are averse to taking any risk but are keen on getting a steady income. The returns are normally in the range of 8% -9% per annum.
Tax Savings Scheme Ideally suited for investors who want to avail the income tax benefits under Section 80C and at the same time take advantage of the growth in equities.
Balance Fund As the name indicates the mutual fund invests the corpus partly in equities and partly in debt so that the risk is evenly balanced at the same time providing scope for higher returns and growth.
Liquid Funds Ideal for parking short term funds. The earnings are in the range of 6 to 7% per annum and the high liquidity it provides due to easy redemption process and allows customers to withdraw and invest in other forms of investments without any loss for early closure.
Systematic Investment Plan This scheme is ideally suited for salaried class, self-employed etc. The investments are made every month and as the mutual fund invests this amount in the market, and consequently the risk related to fluctuations in the share prices is evenly spread over a longer period, the customer stands to gain.
 

Documents You Need

CHECKLIST
S.No Documents Demat Client(KYC Registered)* Non-Demat Client
1 Request Form/Online form Required Required
2 ECS/Auto Debit Mandate Form(2 copies) Required Required
3 CKYC Form Not Required Required
4 PAN Proof(1 copy) Not Required Required
5 Address Proof (1 copy) Not Required Required
6 Passport size photograph (1 copy) Not Required Required
7 Cheque  Drawn in favour of "Muthoot Securities Ltd" Drawn in favour of "Muthoot Securities Ltd"
8 AOF Not Required Required
*Demat clients whose KYC status is Incomplete need to collect all the above documents
*Demat clients cheque should be from demat linked bank
^Outside DPs need to collect Client Master/Transaction statement
^Check the KYC status using the following link:- https://www.karvykra.com/UPanSearchGlobalWithPanExempt.aspx
^ Please ensure that Application form is complete in all respect and signed by applicant

FAQs

  • 1. Who all are eligible to invest in schemes of Mutual Funds?

    Individual investors above the age of 18, Minors through their guardians, HUFs and Non-Resident Indian NRI)/Person of Indian Origin (PIO) can invest. Even non-individual investors such as companies, registered societies, trustee of religious and charitable trusts, partnership firms, banks, foreign portfolio investors are eligible to invest in schemes of mutual funds.

  • 2. What do I have to do to invest in mutual funds?

    To invest in Mutual Funds, investor has to submit following documents:

    1). KYC (Know Your Customer) documents
    2). Application Form for investment in mutual funds
    3). Required investment amount for investing in mutual funds

    All investors, both individual and non-individual, have to be KYC (Know Your Customer) compliant. The KYC process involves establishing
    a) Identity and
    b) Address of the investor as this is mandated under the Anti-money Laundering Laws. For application for investment in mutual funds, the investor is expected to have completed the KYC process and must have an acknowledgement for having completed the KYC process issued by the KYC Registration Agency (KRA).

    The mutual fund would need the completed application form with the KYC documentation and the requisite investment amount, to allot an investment folio (account number) in the name of the investor.

  • 3. What documents are required for KYC process?

    Permanent Account Number (PAN) Card with photograph as a proof of identity is mandatory for all applicants except those who are specifically exempt from obtaining PAN. For proof of address, passport, Voter’s Id, Ration card, Driving License, bank account statement, utility bill etc. serve the purpose. These documents need to be submitted to the distributor or stock broker or depository participant who is buying the mutual fund for the investor.

  • 4. Are bank account details required for mutual funds?

    Investors have to provide the bank details of the sole/first holder of the folio in the application form. This includes the name of the bank where the account is held, the branch and the city, the account number, type of account (current, savings, NRO, NRE, FCNR and others), MICR code and IFSC code. These bank account details are required for crediting dividends and redemption proceeds into the bank account.

  • 5. How do I track my multiple investments in mutual funds?

    The investor can track his/her multiple investments in different mutual fund schemes through a Consolidated Statement available in the software available at our branches. This statement provides a consolidated view of all the investments of an investor in securities held in demat form with the Depositories as well as in Statement of Account (SOA) form with Mutual Funds (MF) houses.

why us

We are the largest Gold Financing Company in India in terms of loan portfolio, according to the 2015 update to the IMaCS Research & Analytics Industry Reports, Gold Loans Market in India, 2015 ("IMaCS Industry Report, (2015 Update)"). We provide personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time-frame, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements.

  • 25000

    Employees

  • 4300+

    Branches spread over 21 states and 4 Union Territories

  • 6 million

    Customers in our portfolio

  • 130 year

    Existence