Module 12 of 12 · 15 min
Serving the investor
KYC, transactions and everyday service. Everything here is free. Work through the lessons in order, or jump to the one you need.
7 lessons in this module
You have finished this module
What you will cover
- 1 Who can invest The investor types a mutual fund can accept, resident individuals, minors, HUFs, NRIs and institutions, and the rules that trip people up.
- 2 KYC, done righttrickiest Know Your Customer for mutual funds, PAN and the exemptions, the KRA and CKYC systems, e-KYC, and the extras for minors, NRIs and institutions.
- 3 Buying, selling and switchingtrickiest Fresh and additional purchases, redemption on a first-in-first-out basis, switches, and the payment methods that are, and are not, allowed.
- 4 SIP, SWP and STP The systematic tools, invest a little regularly (SIP), withdraw regularly (SWP), or move money in steps between schemes (STP), and the rules the exam tests.
- 5 Statements and tracking your money The account statement and the Consolidated Account Statement, redemption payouts, the Instant Access Facility, multiple bank accounts, and tools like MITRA.
- 6 Nomination and transmissiontrickiest How nomination works, who can and cannot be a nominee, the opt-in-or-opt-out rule, and how units pass on when a unit-holder dies (transmission).
- 7 Life changes and getting help The folio changes for a minor turning 18, an NRI becoming resident, and a change of Karta, plus how an investor's grievance is redressed.
Start this module → A full module mock test is part of premium.