What to check before buying mutual funds?

6 Things to Know Before Investing in Mutual Funds

1. Different Mutual Fund Categories Have Different Risk Levels.
2. Direct Plans Give Higher Returns.
3. You won’t get the same returns every year.
4. Consistency of returns is a hallmark of good funds.
5. Asset Allocation and Periodic Rebalancing are Crucial.

What all documents are required for mutual funds?

Aadhaar.

How an offer document is important in mutual funds?

Offer document in Mutual Fund provides essential information about the scheme in a way that will assist investors in making informed decisions about whether to purchase the units being offered.

How do I check my mutual fund statement?

Log onto the CAMSonline portal and click on ‘Investor Services’ on the top menu. Then, click on the ‘Mailback Services’ tab on the left side of the menu. Next, select ‘Consolidated Account Statement – CAMS+Karvy+FTAMIL+SBFS’. Once this is done, you need to provide a valid email address and choose a password.

How do I submit proof of mutual funds?

Investment Proof: You can get investment proof for mutual fund investments by getting your statements from your distributor. Alternatively you can get a consolidated email statement for all your mutual fund investments, including your ELSS funds emailed to your inbox.

Is Aadhaar card mandatory for mutual fund?

Following an amendment in the PMLA Rules, 2017, it was made mandatory to link mutual funds with the Aadhaar of investors. Failure to do so could result in the folio becoming inoperational. Investors can also be barred from making new investments or even withdrawing their money until they had linked their Aadhaar.

Who prepares offer document in mutual fund?

The preparation of both the SID and SAI are done in the format prescribed by the Securities and Exchange Board of India (SEBI) and they have to be submitted to SEBI. The fund house can also include any disclosures that it feels is necessary for the investor.

What are the two parts of offer document?

Offer document is divided into two parts that is Scheme Information Document (SID) and Statement of Additional Information (SAI). Scheme information document consists of all the important information about the scheme like its asset allocation patterns, scheme objectives, strategies, benchmarks, etc.