Mutual fund faq
Mutual Fund
Mutual fund faq
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1. General FAQ
How can I open an account with Indo Thai Securities Ltd.?
There are 3 ways to open an account with us:
  1. Print the blank application form , fill, sign, attach relevant documents and courier to us.
  2. Request us for an application to be sent to you by courier.
  3. Fill an inquiry form on our website and we will get in touch with you.
Who can open an account with Indo Thai?
Any individual, proprietary firm, partnership firm, or a company can open an account.
What are the documents required to open a Demat A/c?
Documents Required For Demat A/C Opening: -
  1. Pan Card
  2. Updated Bank Proof
  3. Canceled Cheque Showing Micr
  4. Address Proof
  5. One Photograph Cross Signed
  6. Occupation, Qualification, & Income Range
  7. Nominee Name & Relation.
  8. Amc Cheque as per the tariff (In Favor Of Indo Thai Securities Limited)
# Important points to note:
- Please sign at the marked fields.
- Fill the form in BLACK INK ONLY
- All documents should be self-attested.
What are the proofs required for ‘corporate account’ ( Demat A/c) ?
  1. Copy of Memorandum and articles of association
  2. Certified true copy of the board resolution duly certified by managing director and specifying the name of person authorized to open and operate the account.
  3. Names of all the authorized persons, signature, designation and the photograph and list of directors and authorized signatories list with specimen signatures
  4. Id proof & address proof of all directors.
  5. Pan card of the company & all directors.
  6. Address proof required of company registered & corporate office address.
  7. Latest Bank statement & canceled cheque (with MICR No.)of the company Bank A/c
  8. Copy of the balance sheets for the last 2 financial Years and Annual Return for last 2 Years
  9. AMC Cheque required in the name of Indo Thai Securities Ltd. of AMC+Service tax
  10. Stamp/POA Stamp charges
  11. Form 32 required, if director’s change
  12. Copy of latest share holding pattern including list of all those holding control, either directly or indirectly, in the company in terms of SEBI takeover Regulations, duly certified by the company secretary/Whole time director/MD (to be submitted every year)
  13. Net-Worth amount
  14. Contact No. & Email Id of company require
  15. Copy of Board Resolution
  16. All the document’s should be self certified with company stamp
How to modify the personal details of your account?
Please submit a duly filled request form available in the ‘Downloads’ section of our website for the change of your details
How to add a POA (Power of Attorney)?
Please submit a duly filled request form available in the ‘Downloads’ section of our website for the change of your details.
As you add a POA, it is mandatory to take the ‘SMS Alert’ facility. A form is available for the same on our website.
What should I do if I am facing login related problem?
Login related problem can arise due to following reasons
  1. Check your internet connection.
  2. Ensure that you are putting right password.
  3. Check your system configuration.
if you have checked above points then call for help.
2. Mutual Fund FAQ
What is a Mutual Fund?
Mutual fund is a mechanism for pooling the resources by issuing units to the investors and investing funds in securities in accordance with objectives as disclosed in offer document. The profits or losses are shared by the investors in proportion to their investments.
What is Net Asset Value (NAV) of a scheme?
The performance of a particular scheme of a mutual fund is denoted by Net Asset Value (NAV). In simple words, Net Asset Value is the market value of the securities held by the scheme. The NAV per unit is the market value of securities of a scheme divided by the total number of units of the scheme on any particular date.
What are Tax Saving Schemes?
These schemes offer tax rebates to the investors under specific provisions of the Income Tax Act, 1961 as the Government offers tax incentives for investment in specified avenues. e.g. Equity Linked Savings Schemes (ELSS). Pension schemes launched by the mutual funds also offer tax benefits.
Are returns from mutual funds guaranteed?
Generally, Mutual Funds do not offer guaranteed returns to investors. Although, SEBI regulations allow Mutual Funds to offer guaranteed returns subject to the Fund meeting certain conditions, most Funds do not offer such guarantees. In case of a guaranteed return scheme, the sponsor or the AMC, guarantees a minimum level of return and makes good the difference if the actual returns are less than the guaranteed minimum. Investments in mutual funds are not guaranteed by the Government of India, the Reserve Bank of India or any other government body.
Are mutual funds insured?
No. Mutual fund units are not insured by the government, or any government agency, and do not have any other type of insurance, unlike certain types of checking or savings accounts and certificates of deposit. There is no guarantee that when you sell your shares, you will receive what you paid for them. However, because mutual fund investments are more risky than insured investments, they generally offer potential for higher long-term returns.
What is the procedure for redeeming fund units?
All Mutual Funds are open-ended, which means that you can get your money back anytime you wish. All you need to do is fill in the detachable redemption request on the account statement and deposit it with any of our Investor Service Centers.
What are the types of risks?
Risk is an inherent aspect of every form of investment. For mutual fund investments, risks would include variability, or period-by-period fluctuations in total return. The value of the scheme's investments may be affected by factors affecting capital markets such as price and volume volatility in the stock markets, interest rates, currency exchange rates, foreign investment, changes in government policy, political, economic or other developments.
How are mutual funds different from Portfolio Management Schemes?
In Mutual Funds, the investments of investors are pooled to form a common investible corpus and the gain/loss to all investors during a given period are same for all investors. In the case of portfolio management schemes, the investments of a particular investor remain identifiable to him. Here the gain or loss of investors will be different from each other.
What is Exit Load?
The non refundable fee paid to the Asset Management Company at the time of redemption/ transfer of units between schemes of mutual funds is termed as exit load. It is deducted from the NAV(selling price) at the time of such redemption/ transfer.
How do I choose the right mutual fund for me?
Every mutual fund has a different objective, some aim for aggressive growth, others emphasize income by investing in bonds or preferred stocks, while others maintain a balanced portfolio by investing across the stock, bond, and money markets. With so many different funds to choose from, use our mutual fund research and you will surely find a fund that will suit your investment needs.
Will TDS be deducted on the redemption of units? If yes what will be the basis of deduction of TDS?
TDS is not deducted on the sale proceeds for Resident Indians. In case of NRI's, TDS will be deducted on the sale proceeds. The TDS will deducted depending upon whether it is a short-term capital gain or long term capital gains. For short term capital gain the tax is deducted @ 33% while in case of long term capital gains it is deducted @ 11%.
How does the investment process work with mutual funds?
Once an investor opens an account with us, he can login and start investing in a variety of ways – he can invest a lump sum amount in a new scheme, start disciplined investing with a Systematic Investment Plan (SIP), set triggers according to the behavior of the market, the value of units in a scheme, etc.
An investor can easily choose the scheme he wishes to invest in, enter the amount he wishes to invest, and pay for it either through net banking, or get the amount to be automatically debited from his account every month (for SIPs) through an easy one-time bank mandate. That’s it. He doesn’t have to fill any forms / cheques. We’ll take care of all the other formalities on behalf of the investor.
Do NRIs get access to all mutual funds?
Non Resident Indians (NRIs) all over the world can invest in all the mutual fund schemes offered by all Asset Management Companies (AMCs). However, most AMCs do not allow investments from investors in USA and Canada due to regulatory restrictions. Such investors can invest in all the mutual fund schemes of L&T Investment Management Limited.
What is an iSIP?
An iSIP or an internet-based SIP is a completely paperless way of setting up an SIP. In an iSIP, after you have set up the SIP, you will have to add the Asset Management Company (AMC) as a biller in your bank through internet banking. This process will need to be done for every iSIP in every scheme. The AMC will then present monthly bills to your bank. If you select the auto-pay option while adding the biller, the payment will happen automatically when the bank receives the bill.
What is ECS?
An ECS or Electronic Clearing System is a method of transaction that is generally used by organisations for bulk payments and repetitive transactions. ECS is an older system which is now being replaced by NACH (National Automated Clearing House). ECS did not cover the entire country, and involved paperwork for registration and payment which led to delays.
What is NACH?
The Reserve Bank of India (RBI) has set up a nodal authority for handling all electronic payments in our banking system. This authority is known as the NPCI (National Payments Corporation of India). NPCI has set up a new mandate process for handling high volume regular transactions. This mandate process is known as NACH, or the National Automated Clearing House system. This system is now all set to replace the ECS in the future.
Will I have a switching facility between funds?
Unit holders will have an option to switch all or part of their investment in one fund to another which is available for investment at that time. The Asset Management Company would currently not charge any fees for such switching.
To process a switch, a unit holder must provide clear instructions. Such instructions may be provided by completing a form and lodging it on any business day with any of the Investor Service Centres or the office of the Registrar and Transfer Agent. The form may also be sent by post.
An account statement reflecting the new holdings will be sent to the unitholder within 3 days of completion of the transaction.
Who is a custodian?
The custodian is responsible for the possession, handling and safekeeping of all securities purchased by the Mutual Fund.
CIN: L67120MP1995PLC008959 ISIN: INE337M01013 SEBI Registration Nos. : NSE : INB230776739 | BSE : INB010776731 | NCDEX : INZ000092338 | MCX : INZ000092338 | MSEI : INE260776739           © Copyright 2016 Indothai. All Rights Reserved     Designed and Developed by C-MOTS Infotech( ISO 9001:2015 certified )