How do I change/edit my Bank account in my folio?
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What is Folio No?
A folio number is a very relevant concept in the lexicon of Mutual Funds. Like a bank account number, it is a unique number to identify your holdings with the respective mutual fund. The unique number differs from fund house to fund house. Only an ...
Investments made on behalf of Minors
A. Accounts of Minors: The minor shall be the first and the sole holder in an account (folio). There shall not be any joint accounts with minor as the first or joint holder. Guardian in the folio should either be a natural guardian (i.e. father or ...
How do I register for OTM facility?
Registration is just a one time process per Folio. All you need is to fill and submit the duly signed ‘OTM Form’. The signatures on the form should be as per your bank records because the form will be sent to your bank branch. There is no need to ...
What are the benefits of STP?
1. It encourages discipline : Signing up for a SIP is good,..but since the money continues to remain in your bank account you may be tempted to use it for other purposes. However, if you sign up for a STP, the chance of being indisciplined reduces ...
What is One Time Mandate (OTM)?
One Time Mandate (OTM) involves a one time registration process which will allow you to conveniently undertake lumpsum / SIP investments in "> , both, offline and online. By registering this mandate, you will authorise the relevant bank (which is ...