LIC Mutual Fund Nivesh Guru
Questions
  • Select query
  • What is a Mutual Fund?
  • What is an Asset Management Company?
  • What is Mutual Fund unit?
  • How to Invest in Mutual Fund?
  • What is NAV or NET Asset Value?
  • What are Open Ended Schemes?
  • What are Closed Ended Schemes?
  • What are Tax Saving Schemes?
  • What is ETF?
  • Can NRI's invest in Mutual Fund?
  • What is cut off time for mutual Fund transactions?
  • How often is the NAV annouced?
  • Is it mandatory to have a de-mat account to invest in mutual Fund?
  • Can I switch from one mutual fund scheme to another within fund house? How often?
  • Can I switch between mutual fund schemes/ investment options/plans within fund house?
  • Can i make a nomination(s)?
  • Can I cancel a nomination made by me?
  • Who can make a nomination?
  • Whom can I nominate?
  • Is KYC/PAN mandatory for investing in Mutual Fund?
  • Is the KYC mandatory for all the joint applicants?
  • Can I do the transactions online?
  • Is there any option to invest monthly like recurring deposit facility of banks?
  • What is SIP?
  • A mutual fund is a pool of money contributed by individuals who have similar financial goals. The money collected is then invested in various securities such as equities, debentures/bonds and/or money market instruments.
  • An Asset Management Company (AMC) is a professional investment management company registered under Companies Act and regulated under SEBI (Mutual Funds) Regulations. Mutual Fund appoints an AMC, that pools money from investors and invests the same in a portfolio.
  • Just as shares represent the extent of equity ownership in a company, units represent your extent of ownership in a mutual fund.
  • You can invest in mutual fund scheme either online (through online investment facility provided by AMCs) or offline (through any financial intermediary or directly walking in any branch of the Mutual Fund Company). Financial intermediaries can be a bank, brokerage house or third party distributor or IFAs.
  • Net Asset Value (NAV) is a fund's market value per unit. It is calculated basis the total value of all the assets in a portfolio, minus all its liabilities divided by closing units.
  • Investors under this scheme are free to join the fund or withdraw from the fund at any time after an initial lock-in period, if any. Such funds announce sale and repurchase prices from time to time. In an open-ended scheme, investors can resell units in the fund to the issuing mutual fund at the prevailing net asset value (NAV) of the units. This is because open-ended schemes are permitted to buy/sell their own units.
  • Unlike the open-ended schemes, close-ended schemes do not issue units for repurchase redemption on a periodic basis. Its units can be redeemed only on termination of the scheme, or through dealings in the secondary market. In such schemes, the period of the scheme is specified at the outset. They have a definite target amount for the funds and cannot sell more after initial offering.
  • Investments in tax-saving mutual funds, also known as equity-linked savings scheme (ELSS), qualify for tax benefits. Tax-saving mutual funds invest in stock markets, among other assets, and are more suited for investors with medium to high risk appetite. Investments are locked in for three years. These funds offer tax benefits to investors under the Income Tax Act. Opportunities provided under this scheme are in the form of tax rebates U/s 88 as well saving in Capital Gains U/s 54EA and 54EB. They are best suited for investors seeking tax concessions.
  • An ETF is fund whose units are listed on stock exchanges. Units can be bought and sold just like stocks at prices, which may be closed to the NAV of the scheme. Most ETF's track and underlying Index securities, Sector Stocks or commodities like Gold.
  • Yes, non-resident Indians can also invest in mutual funds. Necessary details in this respect are given in the offer documents of the schemes.
  • The NAVs of the mutual fund schemes are announced on a daily basis on all business days.
  • Currently, except Exchange Traded Funds, hoding mutual fund units in de-mat mode is not mandatory and only optional. Hence, except for Exchange Traded Funds you do not need a demat account to invest in mutual funds.
  • You may make any number of switches from one mutual fund to another. But take into account the exit loads.
  • Yes, you can switch.
  • Yes, you can make a nomination(s). You can nominate 3 persons in a single folio.
  • Yes. You can cancel your existing nomination at any time before you redeem your mutual fund units.
  • Investors in the Category of "Individuals" are permitted to make a nomination for their mutual fund units. Non-individuals including society, trust, body corporate, partnership firm, Karta of Hindu Undivided Family and a holder of Power of Attorney are not allowed to nominate.
  • You can nominate any individual as your nominee. However, you cannot nominate the following as your nominee with regard to your mutual fund units:
    a. A Trust
    b.A Society
    c. A Body Corporate
    d. A Partnership Firm
    e. Karta of a Hindu Undivided Family
    f. A Power of Attorney Holder
  • Yes
  • Yes, all the joint applicants should be KYC compliant.
  • Yes. For more details visit our website - www.licmf.com
  • Yes, through SIP (Systematic Investment Plan).
  • SIP or Systematic Investment Plan enables you to invest an amount on a regular basis and bring about a disciplined approach to investing.

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