KNOWLEDGE BASE

Why do you need a financial planner ?

Systematic Investment Plan ?

Systematic Transfer Plan ?

Know your Client (KYC) ?

• What is KYA?
  
• Where and how does one get to be KYC Compliant? Does the investor have to repeat the KYC process with every Mutual Fund?
  
• What is a KYC Application Form?
  
• To whom is a KYC applicable? Is there any exemption?
  
• Should the investor visit PoS personally to obtain KYC Compliance?
  
• From what date is it mandatory for an investor to be KYC Compliant?
  
• What are the consequences of KYC cancellation/rejection?
  
• Does the KYC Acknowledgement have an expiry date?
  
• I am an NRI residing outside India. How do I get myself KYC Compliant?
  
• Are there any special requirements for an NRI?
  
• Is there any special requirement for a PIO (Person of Indian Origin)?
  
• What about Minor becoming Major?
  
• Whom do I inform about change of Name/Address/Status/Signature etc?
  
• If I am already providing my PAN/PAN Proof for my investment in Mutual Fund. Is that not sufficient for meeting the requirement of KYC?
  
• Why do I need to give my Income details? How can I be sure that it will not be misused?
  
• Do I need to inform about my change of Income status?
  
• Can an investor give a COA (Change of Address) along with redemption request?
  
• Is the KYC Acknowledgement a separate form or is it a part of the Mutual Fund application. Which of the forms require being time-stamped?
  
• What do I do once I have received my KYC Acknowledgement?
  
• For signature difference in investor request, Mutual Funds generally ask for a banker attestation. Since a signature is not available with identity proof, will you still insist on banker attestation for signature difference?
  
• What if I have already completed the earlier KYC procedure with CVL?

Fixed Maturity Plan (FMP) ?

How do I invest in a mutual fund scheme ?

What should I look for in an offer document ?

How do mutual funds generate returns on my investments ?

How do I get to know where my money has been invested ?

Frequently Asked Question regarding Non Resident Indians

• Do the non-resident Indians require permission from the Reserve Bank of India for the purchase of immovable property in India?
• What precautions should be taken before purchasing a flat in India?
• What way the Non-resident Indian can finance the flat?
• Since the Non-resident Indians are staying abroad can the property be purchased through the agent or thorough the Power of Attorney?
• What precautions should be taken while drafting the agreements? Where there is any specific form prescribed while entering into agreement? What happens if the agreement is not entered into in the prescribed form?
• What is the significance of possession?
• What are the provisions regarding payment of stamp duty and registration charges?
• Do non-resident Indian national require permission of Reserve Bank to acquire residential/ commercial property in India?
• Are foreign nationals of Indian origin allowed to purchase immovable property in India?
• What should be the method of payment for purchasing residential immovable property in India by foreign nationals of Indian origin under the general permission?
• Are there any formalities to be completed by foreign nationals of Indian origin for purchasing residential immovable property in India?
• Can such residential property be given on rent if not required for immediate residential use?
• Can the rental income from such property be remitted outside India?
• Can such property be sold without the permission of Reserve Bank?
• Can sale proceeds of such property if and when sold be remitted out of India?
• How does an NRI invest in Mutual Fund?
• What address should be mentioned on the application form? Can an NRI mention a local address for all communication?
• Can an NRI investor get the Statement of Account and other announcement by email?
• What is the mode of payment for Repatriation and Non-Repatriation Basis?
• The cheque or the DD should be payable or drawn on which location?
• Will Every MF company accept an NRI application with an overseas bank account detail?
• After an application for investment when will the units be allotted to the NRI?
• How does an NRI investor redeem his/her funds?
• How will the redemption amount be paid?
• Is the Income/Dividend on mutual fund units repatriable?
• Does any Mutual Fund currently do a transfer to the overseas account?
• Can a Power of Attorney (POA) holder invest on behalf of the NRI investor?
• Is nomination by NRIs allowed in the schemes of Reliance?
• Can a resident Indian have an NRI as nominee?
• Can an NRI have a joint account in a Mutual Fund with a resident Indian?
• How does an NRI get updated on the performance of the schemes