Terms & Conditions

Terms & Conditions

When investing through mutual fund distributors (mfds), investors need to understand the following terms and conditions:

• Net asset value (NAV): The value of mutual fund units is based on the applicable NAV, which fluctuates based on market conditions.
• Commissions and fees: Distributors may receive commissions (upfront, trail, or otherwise) from asset management companies (amcs). These should be transparently disclosed to the investor.
• Entry and exit loads: Some mutual fund schemes may charge entry (at the time of purchase) or exit loads (at the time of redemption). Investors should be informed about these charges beforehand.
• Execution-only platform: Mfds may offer an execution-only platform, meaning they execute transactions without providing investment advice.
• KYC compliance: Investors must complete the know your customer (KYC) process before investing.
• Right to information: Investors have the right to receive all relevant information about the mutual fund schemes, including scheme information documents, key information memorandums, and periodic statements.