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How
do I invest in Morgan Stanley Mutual Fund?
You can invest in our open ended funds through our distribution
partners i.e. banks and our empanelled distributors or directly. You can
visit/call our branch offices
or our Transaction
Points. If you want to leave your details for us to contact you, please
click here.
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What
is the difference between open-ended and closed-ended schemes?
Open-ended funds do not have a fixed maturity whereas
closed-ended schemes have a stipulated maturity period. New investors can join
an open-ended scheme by directly subscribing to the mutual fund at applicable
NAV-related prices. However for close-ended schemes, investors can only
purchase units from the secondary market.
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Can
non-resident Indians (NRIs) invest in mutual funds?
Yes, non-resident Indians can also invest in mutual funds.
Necessary details in this respect are given in the
Scheme Information document of the schemes.
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What
should an investor look into an Scheme Information document?
Before investing in a scheme, an investor should carefully read
the Scheme Information document. Due care must be given to portions relating to
main features of the scheme, risk factors, initial issue expenses and recurring
expenses to be charged to the scheme, entry or exit loads, sponsor’s track
record, educational qualification and work experience of key personnel
including fund managers, performance of other schemes launched by the mutual
fund in the past, pending litigations and penalties imposed, etc.
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How
long will it take for transfer of units after purchase from stock markets in
case of close-ended schemes?
According to SEBI Regulations, transfer of units is required to
be done within thirty days from the date of lodgment of certificates with the
mutual fund.
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What
documents do I need to submit with my initial application to buy units in your
mutual fund?
The following is a list of documents needed by an investor who is investing in
our fund for the first time. Subsequent investments in the same folio do not
need these documents. Please submit originals/true copies certified by Company
Secretary/Trustee/Authorised Signatory.
Documents for an “Individual” client:
Documents for "Corporate" clients:
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A copy of the PAN Card
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Certified copy of Memorandum of Association/Articles of Association
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Board Resolution authorizing the company to invest in mutual funds
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List of authorized signatories with specimen signatures
Documents for a "Trust":
-
A copy of the PAN Card
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Trust Deed
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List of authorized signatories with specimen signatures
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Board Committee Resolution
Documents for "Societies":
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A copy of the PAN Card
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Board Committee Resolution
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Bylaws
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List of authorized signatories with specimen signatures
Documents for "Partnership Firms":
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A copy of the PAN Card
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Board Committee Resolution, Partnership Deed
-
List of authorized signatories with specimen signatures
Documents for "NRI" clients:
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A completed application form with "NRI" boxes marked at the appropriate places
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A cheque in favour of "Morgan Stanley Mutual Fund" drawn from an NRE Account or
an Indian Rupee draft payable at Mumbai, drawn out of funds held in NRE
Accounts/FCNR Accounts
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An FIRC/debit certificate from the bank for demand draft
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Where
can I submit my application during NFOs and during ongoing offers?
For NFOs you can deposit the forms at any branch of the NFO
banker/s or our branch offices. The list of NFO bankers is available in the
Scheme Information document and KIM.
For ongoing offers, you can mail or drop your application at our
branch offices or our
Transaction Points.
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Can
I nominate another individual?
Yes. Please follow the following instructions for nominations:
-
Only individuals applying for or holding units on their own behalf singly or
jointly can nominate. Non-individuals including Society, Trust, Body Corporate,
Partnership, Karta of HUF, or holders of POA cannot nominate.
-
If the units are held jointly, all joint holders should sign the nomination
form.
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Only one nominee per folio is permitted which will be applicable for all
schemes under the folio.
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A minor can be nominated. In this event, the unit holder should provide the
name and address of the guardian of the minor nominee. If no guardian is
provided, nomination of the minor will be invalid. Please note that the
guardian should be someone other than the unit holder/s.
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The nominee shall not be a Trust, Society, Body corporate, Partnership firm,
Karta of HUF or a POA Holder. A non-resident Indian can be a nominee subject to
the exchange controls in force from time to time.
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Nomination with respect to the units stands rescinded upon the transfer of
units.
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Transfer of units in favour of a nomination shall be validly discharged by the
Asset Management Company against the legal heir.
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The cancellation of nomination can be made only by those individuals who have
units on their own behalf singly or jointly, and who made the original
nomination. On cancellation of the nomination, the nomination shall stand
rescinded and the Asset Management Company shall not be under any obligation to
transfer the units in favour of the nominee.
Click
here to download the Transaction Form. The nomination form is a part of
that
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What
is the cut-off time for investing in your fund?
In case of liquid funds, if you submit your applications before
12 noon, you will be allotted the units on the previous business day’s NAV
subject to realization of funds.
Post 12 noon, you will be allotted the units on the same day’s NAV subject to
realization of funds. In case of non-liquid funds, if you submit your
applications before 3.00 pm, you will be allotted the units on the same day’s
NAV. Post 3.00 pm it will be the allotted on the following business day’s NAV.
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Is
there a minimum transaction amount for each scheme?
Yes, there is a minimum transaction amount indicated against
each scheme. You can look for this information in the
Fund Snapshot.
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What
will I get as a proof of investing in a mutual fund?
You will receive an account statement which contains details of
the number of units bought and the price at which they were bought. You will
also receive an updated account statement as on 31st March every year, which
contains all the transactions pertaining to the purchase or sale of the units,
and the value of your folio as on 31st March.
If you know your Folio Number, you can
click here to get an email of your account statement as on date.
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When
will I get certificate or statement of account after investing in your mutual
funds?
In case of open-ended schemes, a statement of account is issued by the mutual
fund within 30 days from the date of closure of New Fund Offer of the scheme.
For ongoing offers you will receive a statement of account generally within 15
days depending on the type of fund. For details please refer the
Scheme Information document of the respective fund.
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What
is the sale and redemption price?
The price you will be charged while investing in an open-ended
scheme is called sale price. Redemption price (or repurchase for the fund) is
the price that will be applicable to you when you want to exit the investment.
These prices may include entry/exit loads, if applicable.
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Is
there any load in your dividend re-investment plan of any scheme?
It will vary from scheme to scheme. Please refer the relevant
Scheme Information document for this.
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Can
Morgan Stanley impose fresh loads or increase loads beyond levels mentioned in
Scheme Information documents?
No. Changes in load are applicable only to prospective
investments and not to original investments. In case of imposition of fresh
loads or increase in existing loads, the funds are required to amend their
Scheme Information documents so that new investors are aware of the loads while
investing.
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How
often is the NAV declared?
The NAV of the schemes are declared on each business day. The
NAV are published at least in two daily newspapers and the same is uploaded on
the AMFI website (www.amfiindia.com)
daily before 9.00 pm. You can click here to see the
latest NAVs and here to get the
NAV history.
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How
do I know where the Mutual Fund scheme has invested money mobilized from the
investors?
We disclose our schemes’ portfolio in the newspapers
periodically. You can click here to see
the latest portfolios of our schemes.
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How
do I get the PIN and how does it help me as a customer?
The PIN is your password to access your investment account
online. Investors can do things like setting NAV alerts, giving service
requests, etc. online and distributors can view their top investors, top
switches, top SIPs, their client’s transaction details, top brokerage earned,
etc.
If you are an investor, you can
click here to fill in your details and register yourself, post which
you can request for a PIN that will be sent to your address. If you are a distributor,
you can click here to
download the authorization registration form. You will need to complete the
form, send it to the given address post which the PIN will be sent to your
address.
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How
do I request for change of address?
For open end schemes, you can
download the Transaction Form
from here, fill in the details and drop off/mail it to at any of our offices or
investor service centers.
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I
didn’t receive the dividend. How can I be issued duplicate warrants?
You will have to contact us for that. We will verify the status
and if we find that the warrant is not in returns and still showing unpaid, you
will have to fill the indemnity form. You can download the Indemnity for issuance of duplicate dividend warrant
from here, fill in the details and drop off/mail it to at any of our
branch offices or our
Transaction Points.
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What
is the procedure for transmission in case of death of a single holder?
The following documents will have to be submitted for
transmission of the units: Legal heir certificate, death certificate duly
attested, original certificates along with duly completed transfer deed.
If the legal heir certificate is not available, you are required
to complete all the following documents,
which can be downloaded from here:
Form A: The proforma has to be filled in by the transferee claiming title to
the units of the deceased unit holder.
Form B: The proforma has to be executed on a non-judicial stamp paper by
transferee claiming title to the units of the deceased unit holder.
Form C: Has to be executed on a non-judicial stamp paper of appropriate value
in accordance with the Stamp Act in force in the state of your residence.
If there is more then one legal heir, you will have to provide
‘No objection’ from other legal heirs. Please drop off/mail the filled
documents at any of our branch
offices or our Transaction
Points.
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What
is the procedure for redemption?
For open end schemes, you can
download the Transaction Form from here or detach from the end of your
account statement, fill in the details and drop off/mail it to at any of our
offices or investor service centers.
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How
is the value of my investments calculated?
You can calculate the value of your investments by multiplying the number of
units you hold on a particular date with that day's applicable NAV of that
particular scheme. For example the value of 1,000 units on a particular day
when the applicable NAV is Rs. 50 will be 1000 multiplied by 50 i.e. Rs.
50,000.
'Applicable NAV' i.e. the NAV that depends on the day and time when you submit
your redemption request. For example if you are submitting your redemption
before the cut-off time on a 'Business Day' as defined in the Scheme
Information document you are entitled to the NAV of the same day.
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Can
a mutual fund change the asset allocation while deploying funds of investors?
Considering the market trends, a fund manager can change the asset allocation
i.e. s/he can invest higher or lower percentage of the fund in equity or debt
instruments compared to what is disclosed in the Scheme Information document.
It can be done on a short term basis on defensive considerations i.e. to
protect the NAV. Hence the fund managers are allowed certain flexibility in
altering the asset allocation considering the interest of the investors. In
case the mutual fund wants to change the asset allocation on a permanent basis,
they are required to inform the unit holders and giving them option to exit the
scheme at prevailing NAV without any load.
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In
how much time will I receive dividends/sales proceeds?
We will try to dispatch the redemption proceeds within 3 business days from the
acceptance of the redemption request, but not beyond 10 business days from the
date of redemption. Dispatch of the dividend warrants is completed within 30
days of the declaration of the dividend.
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What
is the difference between Exit Load and CDSC?
The Exit Load is a load charged when any investor exits before a stipulated
period, as defined in the Scheme Information document, regardless of his
invested amount and the period of holding. 'Contingent Deferred Sales Charge'
(CDSC) is a load charged depending on two factors the investment amount, and
the tenure or period of your investment. In other words, Contingent Deferred
Sales Charge (CDSC) is a charge imposed when the units of a fund are redeemed
during the first few years of ownership.
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How
will I receive my redemption proceeds?
If you have an account with any of the following banks: ABN Amro Bank,
Citibank, HDFC Bank, HSBC Bank, ICICI Bank, IDBI Bank, Kotak Mahindra Bank,
Standard Chartered Bank or Axis Bank, the redemption proceeds will be credited
directly to your account, unless you have specified that you want to receive a
physical cheque. Investors who have accounts with other banks will receive
their cheques by mail.
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How
can I apply for the redemption/dividend proceeds to come directly to my bank
account?
You can download
Common Transaction Form from here wherein you need to fill up Bank
Mandate details and submit it with duly cancelled cheque leaf of the same bank
mention in the mandate and drop off/mail it to at any of
branch offices or our
Transaction Points.
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Can
I switch in or out of a scheme? Is there any load for switching?
You can switch out from your existing scheme/plan at the prevailing NAV and
switch in to the desired scheme/plan. You can
download the Transaction Form from here, fill in the details and drop
off/mail it to at any of our offices or investor service centers. Switching
charges are applicable on a fund-specific basis.
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Can
a minor become a unit holder? What is the process of applying for a minor?
Yes, even a minor can become a unit holder. At the time of filling the
application form, the relevant details will need to be given such as details of
the guardian, his/her signature, age proof of the minor, etc.
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What
happens to an existing minor unit holder upon attaining adult status?
Upon the minor becoming an adult, you will have to submit the age proof, photo
identity proof and a signature attested by the bank manager along with an
application.
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What
are tax implications of sale of units/dividend?
Please refer the Scheme Information
document of the relevant scheme for details on this.
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Can
a mutual fund change the nature of the scheme from the one specified in the
Scheme Information document?
Yes. However, no change in the nature or terms of the scheme, known as
fundamental attributes of the scheme e.g. structure, investment pattern, etc.
can be carried out unless a written communication is sent to each unit holder
and an advertisement is given in one English daily having nationwide
circulation and in a newspaper published in the language of the region where
the head office of the mutual fund is situated. The unit holders have the right
to exit the scheme at the prevailing NAV without any exit load if they do not
want to continue with the scheme. The mutual funds are also required to follow
similar procedure while converting the scheme form close-ended to open-ended
scheme and in case of change in sponsor.
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How
will I as an investor come to know about the changes, if any, which may occur
in the mutual fund?
It is mandatory for us to inform any material changes to our unit holders.
These changes are also informed through newsletters.
Any changes are also required to be made in the Scheme Information document
which is revised and updated at least once in two years. In the meantime, new
investors are informed about the material changes by way of addendum to the
Scheme Information document till the time Scheme Information document is
revised and reprinted.
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Where
can I as an investor look out for information on mutual funds?
In addition to this website, you can also access the NAVs, half-yearly results
and portfolios at the website of Association of Mutual Funds in India (AMFI)
www.amfiindia.com. You will also find useful literature on AMFI
website.
You can log on to the website of SEBI
www.sebi.gov.in and go to "Mutual Funds" section for information on
SEBI regulations and guidelines, data on mutual funds, draft Scheme Information
documents filed by mutual funds, addresses of mutual funds, etc. Also, in the
annual reports of SEBI available on the website, a lot of information on mutual
funds is given.
There are a number of other web sites which give a lot of information of
various schemes of mutual funds including yields over a period of time. Many
newspapers also publish useful information on mutual funds on daily and weekly
basis. You may approach your agents and distributors to guide you in this
regard.
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How
can I as an investor redress my complaints?
You would find the name of contact person in the Scheme Information document of
the scheme whom you may approach in case of any query, complaints or
grievances. Trustees of a mutual fund monitor the activities of the mutual
fund. The names of the directors of asset management company and trustees are
also given in the Scheme Information documents. You can
click here for such information for our funds.
If the complaints remain unresolved, you may approach SEBI for facilitating
redressal of your complaints. On receipt of complaints, SEBI takes up the
matter with the concerned mutual fund and follows up with it regularly. You may
send your complaints to:
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Securities and
Exchange Board of India
Office of Investor Assistance and Education (OIAE)
Exchange Plaza, “G” Block, 4th Floor,
Bandra-Kurla Complex,
Bandra (E), Mumbai – 400 051.
Phone: 022 2659 8510-13
Last updated: Oct. 2007.
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