Mutual Funds
How to invest in a scheme of a mutual fund?
Mutual funds normally come out with an advertisement in newspapers publishing the date of launch of the new schemes. Investors can also contact the agents and distributors of mutual funds who are spread all over the country for necessary information and application forms. Forms can be deposited with mutual funds through the agents and distributors who provide such services. Now a days , the post offices and banks also distribute the units of mutual funds. However, the investors may please note that the mutual funds schemes being marketed by banks and post offices should not be taken as their own schemes and no assurance of returns is given by them. The only role of banks and post offices is to help in distribution of mutual funds schemes to the investors.
Investors should not be carried away by commission/gifts given by agents/distributors for investing in a particular scheme. On the other hand they must consider the track record of the mutual fund and should take objective decisions.
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- How to know where the mutual fund scheme has invested money mobilised from the investors?
- How will an investor come to know about the changes, if any, which may occur in the mutual fund?
- Can a mutual fund change the nature of the scheme from the one specified in the offer document?
- As a unit holder, how much time will it take to receive dividends/repurchase proceeds?
- How can the investors redress their complaints?
- What happens if I do not get my money or share on the due date?