2B chapter 15

An investor becomes a unit holder of a mutual fund after buying units of the fund.

An individual investor can register upto 10 bank accounts with a mutual fund

A non-individual investor can register upto 10 bank accounts.

The request for a change in name of the holder is made through Telephone.

Change in information in a folio can be made only through the pre-printed transaction slip

An investor has the right for redressal of all his complaints related to services provided by AMCs and RTAs

Investors choose a pay-out/ re-investment option or growth option when they apply for a scheme

Transmission is the process to transfer mutual fund units in case of the demise of the unit holder

The lien may be removed at the request of the lender only

An investor can register the power of attorney (PoA) either at the time of opening a fresh mutual fund folio or in his existing mutual fund folio.