mutual funds common transaction slip
mutual funds common transaction slip also known as mutual funds common transaction forms are required to be used by investors who already invested in mutual funds. There are many forms of transactions investors need to perform after initial purchase in mutual fund schemes. The most common transactions include the following types. mutual funds common transaction slip for additional purchase : Once initial purchase is done either through New Fund Offer (NFO) or through on going offer in open ended mutual funds, if additional purchase in the same scheme is required one can use this form. A simple application form with AMC Name, folio Number and other details needs to be filled up along with cheque for the required amount.
mutual funds common transaction slip for Change in Bank Details : If change in bank account details need to be effected in existing investments this form is required. Usually a cancelled cheque is also required as a proof of new bank account. Option to opt for direct credit or cheque payment is available while submitting the form
mutual funds common transaction slip for Change of address: It is useful for the investors who need to change their correspondence address to receive communication from fund houses like statements, cheques etc.,
mutual funds common transaction slip for Stop SIP: If for any reason there is a need to stop existing investments through systematic investment plan (SIP) one need to provide this transaction slip. This can be submitted with relevant details like scheme name, period for which SIP is subscribed etc., Usually it takes upto 45 days for stop SIP request to take effect. Be prepared to pay one more month SIP amount after submitting the transaction slip.
mutual funds common transaction slip for Switch request: Many funds offer switch facility from one scheme to another. It will be good choice for investors with asset allocation plans to adjust their portfolio risks as per prevailing market conditions. One need to check for the eligibility conditions for switch request from one scheme to another scheme of the mutual funds. There may be restrictions for switching to certain schemes which will be mentioned in KIM / SID.
Please see this for details and application for request for redemption of mutual fund investments
After submitting the transaction slip / transaction form get it stamped by the office where you submit it. Keep the acknowledgment for future reference.