NSE NMF Online Transact Facility
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Fund Report Card

 
Procedures - Change Request Back
From Resident to NRI
  1. Investor’s request letter to change status from RI to NRI.
  2. Intimation for change of Bank Details to NRO account type should also be simultaneously communicated. During the change of the status from RI to NRI, the Bank Account change to NRI account type is not permitted.
From NRI to Resident
  1. Investor’s request letter for change in status
  2. Intimation of current Bank details with Savings / Current account type to be received along with the intimation.
From Proprietary firm to Company
  1. Certified true copy of Memorandum & Articles of Association.
  2. Board Resolution.
  3. A request letter stamped and signed by all partners/ sole proprietors, as the case may be.
  4. List of authorised signatories.
Change of Companies/Trusts
  1. Certified true copy of Memorandum & Articles of Association.
  2. Board Resolution.
  3. A request letter stamped and signed by all partners/ sole proprietors, as the case may be.
  4. List of authorised signatories.
Effect Change in name consequent to marriage
  1. Investors request Letter
  2. Notarised copy of the marriage certificate
OR
  1. Certified true copy of the state Gazette OR the original copy of the state gazette in which a
declaration has been made to that effect.
Change of Karta under HUF
  1. Application for Transmission
  2. An attested copy of the death certificate of the Karta
  3. Proof of identification of the new karta
  4. Signature of the new karta verified by a bank.
  5. Declaration cum indemnity by all the surviving members of the HUF as well as all others who are entitled to a share in the HUF property acknowledging and verifying that the new karta is appointed as karta of the HUF (indicating the name of the HUF) is authorized to hold and manage the units on their behalf.
  1. The documents that support the name under which the HUF carries on business, as the account title shall be registered as the same - Certified copy of the HUF Deed)
Effect Change in event of Amalgamation and Take over
  1. Amended certified true copy of Memorandum & Articles of Association
  2. New Board Resolution
    1. Certified copy of High Court order - confirms that the terms and conditions of amalgamation includes that the property/ assets/investments of the transferor co. would be transferred to the transferee co.
    2. Xerox copy of receipt issued by ROC of filing of Form no.21.- filed within 30days of the order.
    3. Certified true copy of new Incorporation Certificate giving effect to the change of Name.
    4.  
  3. Certified true copy of new Incorporation Certificate giving effect to the change of Name.
Issue of duplicate TDS Certificate
Letter from investor, duly signed by first holder, specifying transaction for which TDS certificate is being sought is required for issuance of duplicate TDS Certificate.
 
Reissue of duplicate dividend warrant
  1. If dividend remittance is through a warrant (metro / non-metro), duplicate warrant will be issued after confirmation of paid / unpaid status from Bankers and registering a "Stop-Payment" order if status is "unpaid"
  2. If dividend remittance is through a Demand Draft, and value of dividend is less than or equal to Rs.500, duplicate will be issued after registering a "Stop-Payment" order and submission of Indemnity Bond on stamp paper of Rs.20.
  3. If dividend remittance is through a Demand Draft, and value of dividend is greater than Rs.500, duplicate will be issued after registering a "Stop-Payment" order and submission of Indemnity Bond on stamp paper of Rs.200, or as per the stamp duty notified by the local Stamp Act.
Reissue of duplicate redemption warrant
  1. If redemption remittance is through a warrant (metro / non-metro), duplicate warrant will be issued after confirmation of paid / unpaid status from Bankers and registering a "Stop-Payment" order if status is "unpaid"
  2. If redemption remittance is through a Demand Draft, and value of redemption is less than or equal to Rs.500, duplicate will be issued after registering a "Stop-Payment" order and submission of Indemnity Bond on stamp paper of Rs.20.
  3. If redemption remittance is through a Demand Draft , and value of redemption is greater than Rs.500, duplicate will be issued after registering a "Stop-Payment" order and submission of Indemnity Bond on stamp paper of Rs.200, or as per the stamp duty notified by the local Stamp Act.
Cancel Power of Attorney
Request letter from the issuer /unit holder
Transmission - Anyone or Survivor/Joint
Transmission - Single Holder - Nomination Registered
Transmission - Single Holder - Testamentary Succession
Transmission

Mode of Holding

Scenario

Anyone/Survivor

In case of death of ALL holders, documents would be same as under SINGLE holding.

Joint

In case of death of ALL holders, documents would be same as under SINGLE holding.

Single

  1. Nomination Registered
  2. Without Nomination 
    a. Testamentary(Presence of Will)
    b. Intestate(Absence of Will)
Anyone/survivor or Joint
The Units shall stand transferred to the survivor in case of death of any of the joint holders
If the mode of holding is Joint
If the first holder expires, in a joint holding, the next named holder shall hold the units as the agent and trustee for the legal heirs of the first holder, and in case of the death of the second joint holder, the units shall be transferred to the next named holder, who shall hold the units as the agent for the legal heirs. In case of death of all the joint holders, the units shall be transferred to the nominee.
 
If the first holder expires, in a joint holding, the next named holder shall hold the units as the agent and trustee for the legal heirs of the first holder, and in case of the death of the second joint holder, the units shall be transferred to the next named holder, who shall hold the units as the agent for the legal heirs. In case of death of all the joint holders, the units shall be transferred to the nominee.
If the mode of holding is either Anyone/Survivor
The Units shall stand transferred to the survivor in case of death of any of the joint holders
If the mode of holding is Joint
If the first holder expires, in a joint holding, the next named holder shall hold the units as the agent and trustee for the legal heirs of the first holder, and in case of the death of the second joint holder, the units shall be transferred to the next named holder, who shall hold the units as the agent for the legal heirs. In case of death of all the joint holders, the units shall be transferred to the nominee.
 
The joint unit holders may together nominate a person in whom all the rights in the units shall vest in the event of death of all the joint unit holders.
 
Power of Attorney (POA)
Power of Attorney, is a legal document whereby a person delegates various authority to a Power of Attorney holder.
 
Power of Attorney registration requests may be received from
 
  1. Individual investors
  2. Non Individual Investors
  3. Online Clients
Requirements of a valid power of attorney document
  1. POA submitted should clearly contain clause for investment relating powers
  2. POA submitted should be signed by both - investor and the contituent Power of Attorney
  3. POA copy should be notarised in original or attested by a bank
  4. In case of non-individual investors, the relevant extract of a Resolution authorising signatories to execute the Power of Attorney is required be submitted along with the POA.
A Power of Attorney document will be registered by Registrar & Transfer Agent, subject to above validations, and a confirmation letter issued to investor. Thereafter, the Power of Attorney holder is permitted to transact on behalf of the investor.
Nomination
Definition : "Nomination" is an option to nominate a successor to receive the units upon the demise of the first holder in case mode of holding is "single", or upon the demise of all holders in case investments are held "jointly"
 
In accordance with the provisions of regulation 29A of SEBI (Mutual Funds) Regulations 1996, the AMC provides an option to the unitholders to nominate a person in whom the units shall vest in the event of his death.
 
Where the units are held by more than one persons jointly, the joint unit holders may together, nominate a person in whom all the rights in the units shall vest in the event of the death of all the joint unitholders.
Additional Information:
  1. Nominations can be made only by individuals applying for / holding units on their own behalf, singly or jointly.
  2. Non-individuals including Society / trust / Body Corporate / Partnership Firm / Karta of Hindu Undivided Family / holder of Power of Attorney, cannot nominate.
  3. Persons applying on behalf of minor / HUF/ Association of persons / Body of individuals / Power of Attorney holders cannot nominate.
  4. One nominee per folio is permitted.
  5. In case nominee is a minor, name and address of guardian to be provided
  6. The nominee shall not be a trust, society, body corporate, partnership firm, Karta of HUF or a Power of Attorney holder.
  7. Resident holders can nominate a NRI on a non-repatriable basis only
  8. Nomination in respect of the units stands rescinded upon the transfer of units.Transfer of units in favor of a nominee shall be valid discharge by the AMC against the legal heir.
  9. The cancellation of nomination can be made only by those individuals who hold units in their own behalf singly or jointly, and who made the original nomination.
  10. On cancellation of the nomination, the nomination shall stand rescinded and the AMC shall not be under any obligation to transfer the units in favor of the nominee.
Demand Draft Charges
Investors residing at locations where the Fund does not have an official point of acceptance can make payment by demand drafts payable at locations where the application is to be lodged. The maximum charges so borne, would be restricted to the limits as prescribed by State Bank of India (SBI).
The present DD Charges of SBI are as under:
For Value : DD charges.
upto Rs 10000/- Rs30/-
For > Rs 10000/- Rs 3.50/- per Rs 1000/- Min Rs 50/- Max Rs 12500/-.
These charges are subject to change.

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