As per the SEBI circular – SEBI/HO/IMD/IMD-I DOF5/P/CIR/2022/41 dated 31st March 2022, Two Factor Authentication for transactions will be effective from 1st June 2022. Resultantly it is necessary that investors submit signed documents for seamless transaction processing.
· For physical requests it should be submitted with signatures on the transaction form/ request. This applies to all the investors irrespective of the tax status. Hence redemption/ switch basis email indemnity (which was activated at the start of Covid) will not be accepted.
· For online redemptions/ switch (through AMC/ RTA portal/ mobile application) – two factor authentication is necessary, hence, prior to submission, an investor will be asked to input the OTP forwarded on his registered mobile number/ email address.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Categories: Mutual Fund