Short answers, each with a guide that goes further.
No. Units bought through a distributor, from the fund house or on MF Central and MF Utilities are held with the fund's registrar in your name.
A stamp duty of 0.005% of the amount applies to every purchase. The fund's yearly costs are in its expense ratio, shown on every fund page here.
Usually one or two business days after the money reaches the fund.
Yes, in the child's name as a minor's folio, with you as guardian. The fund house will ask for proof of the child's age and your relationship.
Yes. There is no charge to use it.
No. Opening a CAN and transacting on MF Utilities is free for investors.
A SIP spreads the price you pay over time. The fund's risk is the same; what changes is how much of your money is exposed to any one day's price.
Yes. Additional purchases go into the same folio.
Yes. Each SIP runs on its own date and amount.
The instalment is processed on the next business day, at that day's NAV.
Yes. Fund houses, the registrars and the KRAs do not charge investors for KYC.
Usually, yes. Brokers and depository participants use the same KRAs, so KYC done for a demat account is found when you invest in mutual funds.
The online steps take a few minutes. The KRA usually completes its checks within a few working days.
Your units stay in your name and keep their value. The hold applies to new purchases and some requests until the record is fixed.
Not to keep investing with the fund houses you already use. A fund house you are new to may ask for KYC with Aadhaar, which changes the status to Validated.
Usually a few working days after the KRA receives the corrected details.
No. Mutual fund KYC is the record with a KRA, which fund houses check before a purchase. CKYC is a central copy used across banking, insurance and the securities market. Most investors have both.
No. KYC done through a fund house, a registrar or a KRA is usually uploaded to the CKYC registry as well, so one process creates both records.
Your KIN can save you sending documents, but a purchase goes through only when your KYC shows as Validated or Registered with the KRAs.
No. They are paid only to an account registered in the folio and held in your name, alone or jointly.
The bank account is held per folio, so each fund house needs the change. MF Central can make it for folios at several fund houses in one request.
No. The SIP keeps being debited from the account on its mandate. Register a mandate on the new account to move it.
The legal heirs can claim the units with documents such as a will, a legal heir certificate or a succession certificate. The fund house sets out what it needs, which can depend on the amount.
A nomination is made per folio. MF Central can apply it to several folios in one request.
Yes, as often as you like. The latest nomination replaces the earlier one.
Not to an existing folio. A purchase made in both names opens a new joint folio. Moving the existing units means redeeming them, which is a sale for tax.
To the bank account registered in the folio, which has to be in the first holder's name, alone or jointly.
Yes. Each holder needs a PAN and completed KYC before the purchase.
It is optional. On a holder's death the units pass to the surviving holders, and the nominees receive them after the last holder dies.
No. Units bought from the fund house, MF Central or MF Utilities are held with the fund's registrar in your name, as for residents.
Yes, with a bank mandate on an NRE or NRO account.
The deduction follows Indian rates. If a tax treaty or your total income means you owe less, you claim the excess back in your Indian return. Some investors also apply in advance for a lower deduction certificate.
Yes. Enter a number of units or an amount, and the rest stays invested.
The value shown uses the last published NAV. The redemption is priced at the NAV that applies to your request, and any exit load is deducted.
No. It is paid only to a bank account registered in the folio. Add the account first if you want to use a new one.
Count working days from the redemption date, not from the day you placed the request, and skip weekends and holidays. If the money is still missing, check the bank account registered in your folio and write to the fund house.
Placing it before the 3 pm cut-off on a business day makes that day the redemption date, which can bring the money a day sooner. Within the day before the cut-off, the time makes no difference.
No. Saturdays, Sundays and days when the stock exchanges or banks are closed do not count.
If the request reached the fund house too late for that date, the instalment buys units as usual. The units are yours, and you can redeem them if you do not want to keep them.
Some fund houses let you change the amount of a running SIP. Otherwise, start a new SIP for the new amount and stop the old one.
No. The folio stays open with your units in it.
No. Both funds must be with the same fund house. To move money across fund houses, redeem from one and buy from the other.
No. Only the capital gain in each withdrawal is taxed, at the capital gains rate for that fund and holding period.
Not for resident investors. For NRIs, the fund house deducts tax on the gain in each withdrawal.
On any purchase confirmation, account statement or CAS, and in your account on the fund house's website, MF Central or MF Utilities.
No. A folio is held with the fund house and its registrar. Units in a demat account are held with a depository, NSDL or CDSL, and have no folio.
No. Fund houses and registrars do not charge for it, and since nothing is sold there is no tax or exit load.
No. Each fund house keeps its own records. To see all your folios together, use your CAS or MF Central.
Those folios cannot be combined, and the holders of a folio, or their order, cannot be changed except when a holder dies.
A SIP in a folio being merged may need to be registered again in the folio you keep. Ask the fund house before you place the request.
For the CAMS and KFintech CAS, it is the password you set on the request. For the depository CAS, the email explains how the password is formed.
A folio without your PAN on record, or one where you are not the first holder, may not appear. Ask the fund house to add your PAN to an old folio.
No. It is free from CAMS, KFintech, MF Central and the depositories.
Yes. A switch from one scheme to another is a redemption for tax and is listed with its gain.
Not if you use MF Central, which covers funds across fund houses. A fund house's own statement covers only its funds.
Not for resident investors. You pay it when you file your return, or as advance tax during the year if that applies to you.
Not in the Growth option. Tax is due when you redeem or switch units. IDCW payouts are taxed in the year you receive them.
Yes. A switch is a redemption from one fund and a purchase in the other, so gains on the units switched out are taxed in that year.
As equity. They keep at least 65% in Indian shares, so the equity rates apply: 20% up to 12 months, and 12.5% on long-term gains above ₹1.25 lakh after that.
No. It is one limit for each person in each financial year, across all long-term gains on equity-oriented funds and listed shares.
No. The new regime has no deduction for ELSS or for the other items in the ₹1.5 lakh limit.
Each instalment can be redeemed three years after its own purchase date, so the units become available one month at a time.
No. It is shared with EPF, PPF, life insurance premiums and the other items in the same deduction.
Long-term equity gains up to ₹1.25 lakh in a financial year are tax-free, counted together with other equity funds and listed shares. Gains above that are taxed at 12.5%.
Yes. The redemption is a sale like any other. It appears in your capital gains statement and belongs in your income tax return.
No. The limit applies to each financial year on its own, and any part not used lapses on 31 March.
Yes. There is no waiting period for mutual fund units. The units bought back have a new cost and a new purchase date.
Yes. Every redemption and switch belongs in the return, including long-term equity gains under ₹1.25 lakh and losses.
Only if your capital gains are long-term gains on equity-oriented funds and listed shares of up to ₹1.25 lakh and you meet the form's other conditions. Otherwise ITR-2 or ITR-3 applies.
In your Annual Information Statement and tax credit statement on the Income Tax Department's e-filing portal.
Not for units bought on or after 1 April 2023. Both are taxed at your slab rate. FD interest is taxed every year as it builds up, and a debt fund's gain is taxed once, when you sell.
Yes. The interest that builds up each year is taxable in that year, though it is paid only at maturity. Banks deduct TDS on it once it passes the yearly limit.
Not for resident investors. Any tax on the gain is paid through advance tax or when you file your return.
No. DICGC insurance covers bank deposits up to ₹5 lakh per depositor per bank. A debt fund's NAV can rise or fall.