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Mutual Fund

What is Mutual Fund?


A mutual fund is a professionally-managed trust that pools the savings of many investors and invests them in securities like stocks, bonds, short-term money market instruments. Investors in a mutual fund have a common financial goal and their money is invested in different asset classes in accordance with the fund’s investment objective.

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What Is Repurchase/Redemption Price?


When an investor sells a mutual fund unit back to the fund house, it is called repurchase or redemption and is based on the Net Asset Value of that fund.

How to check Mutual Funds KYC?


Please click on the below link and insert your PAN details under KYC Inquiry option to check your Mutual Funds KYC status.


CDSL Ventures Ltd. (CVL) - https://www.cvlkra.com/

What are Growth Option?


Investments made under the growth option will not yield any short term income, in the sense that all money invested will continue to be invested until redeemed. This type of investment is more suited for long term investing in equity mutual funds, as there are no taxes on long term capital gains

What Are The Factors To Consider While Selecting A Mutual Fund Scheme?


Scheme should be selected as per Risk appetite of the Investor. Few factors to consider are:

  • Types of Fund
  • Size of the Fund
  • Diversification of the Fund
  • Requirement of Investment
  • Security of Fund

Is Entry Load applicable for Mutual Funds?


Accordance with the SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load will be charged for purchase / additional purchase / switch-in/ Systematic Investment Plan/ Systematic Transfer Plan / Systematic Investment Plan Plus accepted by the Fund with effect from August 1, 2009.

What all Documents are required?

  • Proof of identity
  • Proof of address
  • Passport Size Photograph

How is Mutual Fund Set up?


The process of setting up a Mutual Fund is initiated by a sponsor. The sponsor creates a Trust (the fund) under the Indian Trust Act. The Trust in turn appoints an Asset Management Company (AMC). The trustees are responsible for safeguarding the interests of the investors in the Mutual Fund by ensuring that the operations of the fund comply with the relevant regulations.

What is Dividend option?


Dividend Option: Dividends are paid out of the distributable surplus of the funds. They are bifurcated into dividend payout and dividend reinvest. In dividend payout, the dividends declared are actually paid out to the investors. Under dividend reinvest, the dividend declared is used to buy additional units to the investors.

Why Mutual Funds KYC is required?


KYC registration is mandatory for all investor as per SEBI guidelines. KYC is being centralized through KYC Registration Agencies (KRAs) registered with SEBI. With this each investor has to undergo KYC process only once in the securities market and the details would be shared with other intermediaries by the KRAs.

What is Net Asset Value (NAV)?


Net Asset Value is the market value of the assets of the scheme minus its liabilities. The per unit NAV is the net asset value of the scheme divided by the number of units outstanding on the Valuation Date.


NAV = Fund Assets-Fund Liabilities
Outstanding Shares


For example:


Total Value of Securities (Equity, Bonds, Debentures etc.)INR1,000
Total outstanding units100
NAV [(1000+1500-500)/100]INR20 per unit

How Often Is The Nav Declared?


NAV is declared on every business day of the year.