Aditya Birla Sun Life Mutual Fund

FAQs - Aditya Birla Sun Life Mutual Fund

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FAQs - Aditya Birla Sun Life Mutual Fund

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General
  • What is a mutual fund?

    A mutual fund is a financial instrument that collects money from several investors like you, and invests it in various investment options like shares, bonds, etc. This fund is managed by experts.

  • What are the types of mutual funds?

    Depending on where your money is invested, mutual funds can be classified into three types: Equity, Debt and Hybrid. Equity mutual funds invest in shares of companies listed on the stock exchange. Debt mutual funds invest in bonds of reputed companies and government bonds. Hybrid mutual funds invest in both, shares and bonds.

  • How much time does this registration take?

    "The turn-around time of registering for ISIP is 15 days ."

  • How will I be informed once the registration is completed?

    "On receipt of confirmation of the status of the mandate registration from your banker, ABSLMF would send out the intimation to you via email and sms. For successful registrations, a PIN would also be shared which is to be used to initiate a subscription transaction.

    This PIN may be shared via email or SMS as per your registered email id and mobile number.

    In order to commence transacting it is imperative to change your PIN while transacting for the first time.

    To change PIN pls send an SMS as CPIN space space space and send it to 56767105.

    A confirmations SMS and email shall be sent to you once the new PIN is registered post which you may commence transacting. Ensure that this PIN is not disclosed to anyone. "

  • How will the ARN code of my distributor get recorded?

    All transactions under this Facility will be processed with the ARN code of the distributor through whom the last transaction was received in the folio.EUIN as available with the last transaction would also be considered for the sms based transaction.

    Please take note that transaction charges may be applicable for the said transaction basis the distributor, i.e. if the said distributor has opted for same.In case of SIPs, The transaction charges shall be deducted in 3-4 installments in accordance with SEBI guidelines.

  • If I send the SMS instruction to subscribe based on my PAN, how will the Folio No for my subscription get recorded?

    "Based on the initial registration to the facility, the associated folio would be considered as the folio number for the subscription transaction.

    In case there is more than 1 folio registered, the last transacted folio would be considered for the subscription. "

  • What are the charges applicable for transacting through SMS?

    There are no charges applicable for transacting through SMS; however premium outgoing SMS charges will be applicable as prescribed by your service provider.

  • What are the instances where my transaction does not get processed?

    "The transactions that are successfully received by ABSLAMC may be rejected under the following circumstances:

    Transaction SMS received with incorrect format

    Transaction received from un-registered Mobile

    Transaction received with incorrect details i.e. PAN, Folio, Scheme Code

    Where transaction amount does not meet the minimum subscription/redemption amount requirement as specified in Scheme Information Document (SID) / Statement of Additional Information (SAI).

    Where the market value is less than the redemption/switch out amount requested.

    Where the subscription / SIP amount exceeds the per transaction limit specified on the Debit Mandate."

  • What are the timings for initiating SMS transaction?

    SMS transaction can be sent anytime and at any day. In case the transactions are received post cut-off on a business day or on a non-business day, the request is treated as being received on the immediate next business day.

  • What happens if the PIN is not received or forgotten?

    In order to obtain a new PIN you will be required to place a request for new PIN at our call center toll free number 1800-270-7000.

  • What is SMS Transaction Platform of Aditya Birla Sun Life Mutual Fund?

    This is an alternate mode of acceptance of transactions enabled for segment of existing investors who can register to transact with ABSLMF by sending instructions via SMS from the registered mobile number.

  • What is Scheme code?

    Scheme code is a keyword given to each scheme with plan and option; you need to be sure about scheme code while doing a transaction. The scheme codes are available on your account statement.

    Alternatively, you can search the scheme code by sending the KEYWORDS to 56767105:

    Send: SEARCH space <Scheme name>
    Example: SEARCH Cash Manager

  • What transactions can be carried out through this mode?

    The following types of transactions are currently enabled through sms transaction platform:

    • Subscription
    • Redemption
    • Switch
    • SIP Registration

  • What would be the applicable NAV for investment amounts greater than or equal to Rs 2,00,000/- ?

    For subscription amount equal to or more than Rs 2 Lacs, the closing NAV of the day (or immediately following Business Day if that day is not a Business day) on which the funds are available for utilization, shall be applicable.

  • What would be the sub-option (reinvestment or payout) in case the scheme selected is a dividend option?

    In case of subscription is into an existing investment under the folio mentioned, the sub-option for the additional units corresponding to subscription via SMS shall be allotted under same Plan/Option, as found under the existing folio/scheme account.

    In case of investment into a new scheme under the folio, the Default plan/option for scheme will be applicable as per the respective Scheme Information Document (SID)/ Key Information Memorandum (KIM).

  • When will my bank account get debited towards the purchase/SIP transaction initiated?

    "Your registered bank account may be debited towards the purchases initiated via SMS, either on the same day of transaction or generally within one to seven business days depending on ECS cycle. Units allotted would be kept under cooling block/hold until receipt of credit. Investors must ensure that the account is sufficiently funded to honor the transaction.

    Please take note that in case of non-receipt of the funds (for any reason), the corresponding units allotted would be reversed."

  • Who can avail of this facility?

    "Existing investors of ABSLMF who register for this facility can transact via SMS. Currently, investors of the following segments are allowed to transact:
    - Resident Individuals (including guardians on behalf of minors)
    - Non-Resident Individuals"

  • How does a mutual fund operate?

    A mutual fund company collects money from many investors, and invests it in various options like shares, bonds, etc. This fund is managed by professionals who understand the market well, and try to achieve growth by making strategic investments. Investors get units of the mutual fund according to the amount they have invested.

  • What are the benefits of investing in a mutual fund?

    Some of the major benefits on investing in a mutual fund are: - Diversification - Professional management - Convenience - Liquidity - Variety of schemes and types - Tax benefits

  • What is NFO?

    NFO stands for a New Fund Offer. When a new fund is launched for investors, it is known as a NFO. A NFO could also be the launch of additional units of a close-ended fund.

  • What is a Fund of Funds?

    A fund of fund is a kind of mutual fund that invests in a variety of mutual funds.

  • What are hybrid mutual funds?

    Hybrid mutual funds invest both in shares and bonds. The portion invested in shares helps grow your wealth, while the portion invested in bonds offers stability to your portfolio.

  • What is a Systematic Investment Plan (SIP)?

    A Systematic Investment Plan (SIP) is a convenient method of investing in mutual funds. Under this plan, an investor contributes a fixed amount towards the mutual fund scheme at regular intervals, and gets units at the prevailing NAV.

  • What are the benefits of investing in a SIP?

    Investing in SIP offers two major benefits: - You can start investing with a small amount - You can average out your investment, as SIP involves buying units at different points of time and at different NAV levels

  • What is a Systematic Withdrawal Plan (SWP)?

    Under a Systematic Withdrawal Plan (SWP), an investor redeems a fixed number of mutual fund units at regular intervals.

  • What are Exchange Traded Funds?

    Exchange Traded Funds (ETFs) are funds that can be traded on a stock exchange, just like shares. These funds invest in shares, indexes or commodities.

  • What are index funds?

    Index funds are mutual funds that invest in shares of companies comprising a particular index. These funds intend to replicate the performance of a particular index.

  • What is rupee cost averaging?

    Rupee cost averaging is one method to save regularly and minimise the effect of market volatility on investments. By investing through methods like SIP, you invest a fixed amount in mutual funds at regular intervals. So, you get more units when the NAV is low and fewer units when it is high. Eventually, your average cost per unit is brought down.

  • What is NAV?

    NAV stands for Net Asset Value of a mutual fund. This is basically the price of one unit of a mutual fund.

  • How is NAV calculated?

    NAV can be calculated as follows: Assets of the fund – Liabilities of the fund / Number of outstanding units for that fund

  • How often is the NAV of a fund declared?

    Mutual fund companies have to declare the NAV of their funds at least once a week. However, most companies declare it at the end of every working day.

  • What are Gilt Funds?

    They invest their corpus in securities issued by the government. These funds carry zero default risk but are associated with interest rate risk. So, there could be a possibility that the debt funds lose some part of their net asset value (NAV) also. But these schemes are safer as they invest in papers backed by government.

  • What are sectoral mutual funds?

    Sectoral mutual funds invest your money in shares of companies of one particular sector. The main objective of these funds is to provide high returns from one particular sector that has the potential to grow.

  • What are Liquid Funds?

    Liquid funds are mutual funds that offer high liquidity. This means, the units of these funds can be sold immediately, and the invested amount can be redeemed quickly.

  • What are Capital Protection Funds?

    Capital protection funds are mutual funds designed to protect your capital. These funds put a major portion of the investment in bonds, and a small portion in shares. Over time, the portion invested in bonds grows to the size of your original investment. So even if the portion invested in shares does not do well, your capital is still protected.

  • What is an open-ended mutual fund?

    Open-ended funds can be bought and sold at any time; they have no fixed tenure.

  • What is a close-ended mutual fund?

    You can buy units of close-ended mutual funds only when a mutual fund company launches the fund. Once you buy them, you have to hold your investment for a fixed tenure.

  • What is redemption price?

    Redemption price is the price that you receive on selling each unit of your mutual fund investment.

  • How are Capital Gains Calculated?

OTM
  • What is One Time Mandate (OTM) facility of Aditya Birla Sun Life Mutual Fund?

    It is a one - time registration process where you authorize your bank to execute debits to your bank account upto a certain specified limit, as and when you invest with ABSLAMC without having to initiate any payment from your end.

  • How do I register for OTM facility?

    In case you are an existing investor, there are 2 ways to register for an OTM

    I. Online. Click here to register for an OTM Online
    ii. Offline / Physical. You can fill and submit the 'OTM debit Mandate Form' and submit the same to any of our Investor Service Center considered as Official Point of Transaction of ABSLAMC.

    In case of a new investor, you can fill and submit the 'Common Application Form' along with the 'OTM Debit Mandate Form'.

  • How much time will it take to register for OTM facility?

    Physical OTM registrations may take upto 21 days. Online OTM registration may take 3-5 working days.

  • I already have a folio. Which forms do I need to submit to register for OTM facility, and/or SIP as well?

    You will need to submit the SIP cum OTM registration Form. Alternately, you can also register for an OTM online and register for a SIP online.

  • I have already registered for OTM facility. Which form do I need to submit to start an SIP?

    As you have already registered for OTM facility, you only need to submit the physical SIP registration form, visit our website or send an SMS to register SIP. Alternately, you can even register for a SIP / CSIP online.

  • How many SIPs can I register through the OTM facility?

    There is no cap on the number of SIPs that can be registered through the OTM facility as long as the individual SIP installment amount is within the OTM limit

  • How long does it take to register new SIPs through the OTM facility?

    Once the OTM facility is registered in the folio, any new SIP registration request will be registered within 5 days. If you submit the SIP registration request along with the OTM form, the SIP will be registered within 21 days.

  • How will I be informed once the registration is completed?

    On receipt of successful registration confirmation of the mandate from your banker, an OTM activation intimation (physical/email/SMS) will also be sent.

  • Is there any transaction limit for the OTM facility?

    Yes. You can specify the limit in the amount field on the OTM form. This is a per transaction limit. OTMs registered online have a max OTM limit of Rs. 99,999 per transaction.

  • Which bank account do I need to hold to be an eligible investor to opt for this facility?

    Eligible Investors can avail this facility if you have a bank account with any bank which has branches participating in Reserve Bank of India ("RBI") Electronic Clearing System ("ECS") /National Electronic Clearing System ("NECS")/Regional Electronic Clearing System ("RECS") facility and National Automated Clearing House (NACH) platform. However, online OTM registration is currently available for the below mentioned banks.

    Sr.No Bank Net Banking Debit Card
    1 State Bank of India
    2 Axis Bank  
    3 HDFC Bank
    4 ICICI Bank
     5 Bank of Maharashtra
     6 Deutsche Bank
     7 Equitas Small Finance Bank
     8 Federal Bank
     9  IDFC First Bank
    10   Indusind Bank
     11  Karnataka Bank LTD
     12  Kotak Mahindra Bank
     13 Punjab National Bank
     14  RBL Bank
     15  Ujjivan Small Finance Bank
     16 Yes Bank
     17  Andhra Bank  
     18 Bank of Baroda  
     19  Canara Bank  
     20 Central Bank of India  
     21 City Union Bank  
     22 Cosmos Co-operative Bank  
     23  Dhanalaxmi Bank  
     24  IDBI Bank  
     25  Indian Overseas Bank  
     26 Oriental Bank of Commerce  
     27  Paytm Payments Bank  
     28 Standard Charted Bank  
     29 Tamilnadu Mercantile Bank  
     30  Union Bank of India  
     31 Citi Bank  
     32  DCB Bank  
     33 South Indian Bank  

  • Is there any upper or lower limit for transacting through the OTM facility?

    For offline OTM registrations, the only upper limit is as mentioned in the OTM form. The lower limit applicable is the minimum purchase amount in the respective plan/ option of the Schemes of the Fund as defined in the Scheme Information Document (SID) for each transaction. Online OTMs have a lower limit of Rs. 1000 and a Max limit of Rs. 99,999.

  • How do I make an additional or fresh investment through the OTM facility?

    At the time of submission of physical /online transaction you need to tick or select the "Pay through OTM facility". 'Pay through OTM Facility' is just another payment option like Cheque/DD, RTGS/NEFT, Funds Transfer available on the forms/online portal.

  • What will be the applicable NAV for my transaction?

    The applicable NAV for the transaction will be dependent on various factors under provisions of SEBI (Mutual Fund) Regulations, 1996 like receipt time of the transaction; the scheme, the type of transaction, the date & time of realization of funds. All transactions under OTM facility will be treated on par with similar transactions received through any other modes. For details on the applicable NAV, refer Scheme information Document on the website of the Fund.

  • How do I cancel my registration for OTM facility?

    You can request for cancellation of the OTM facility by submitting the 'One Time Debit Mandate Form' and indicating cancellation.

  • What are the various transactions that I can do through the OTM facility?

    You can:
    * Make fresh lump sum investments
    * Start new SIPs

    The payment towards your investment will happen directly through your bank account based on your defined limit on the OTM form and you need not submit a cheque/ DD every time/transfer funds online.

Service
  • How will I be informed once the registration is completed?

    On receipt of successful registration confirmation of the mandate from your banker, an OTM activation intimation (physical/email/SMS) will also be sent.

  • How will one be able to avail this Facility in case of "Anyone or Survivor" or "Joint" mode of holding in a folio?

    ABSLAMC offers this facility to:
    Single
    The Sole Unit holder of the Folio

    Anyone or Survivor
    The First Holder mentioned in the Folio

    Joint
    The First Holder mentioned in the Folio

    Note: In case the mode of holding of the folio is "Joint" and registration request and the Debit Mandate is duly signed by all the joint holder(s), it will be deemed to be an express instruction to the AMC / RTA to change the mode of holding to "Anyone or Survivor" on the folio / folios.

    Post this the mode of holding would be changed to Anyone or Survivor on the folio and the facility would be available to the first named holder only.

  • What will be the applicable NAV for my transaction?

    The applicable NAV for the transaction will be dependent on various factors under provisions of SEBI (Mutual Fund) Regulations, 1996 like receipt time of the transaction; the scheme, the type of transaction, the date & time of realization of funds. All transactions under OTM facility will be treated on par with similar transactions received through any other modes. For details on the applicable NAV, refer Scheme information Document on the website of the Fund.

  • With what bank do I need to have an account in case I need to opt for this Facility?

    Eligible Investors can avail this facility if you have a bank account with any bank which has branches participating in Reserve Bank of India ("RBI") Electronic Clearing System ("ECS") /National Electronic Clearing System ("NECS")/Regional Electronic Clearing System ("RECS") facility. Additionally, one can hold an account with the Core Banking branches of banks wherein ABSLMF has direct debit tie-up. The following banks are where ABSLMF has the said Direct Debit tie-up:

    1 Bank of Baroda

    2 Bank of India

    3 Punjab National Bank

    4 Kotak Mahindra Bank

    5 IDBI Bank

    6 IndusInd Bank

    7 State Bank of India

    8 Citibank N.A

    9 Axis Bank

    10 Union Bank of India

    11 Corporation Bank

    12 Federal Bank

    13 UCO Bank

    14 State Bank of Patiala

    15 United Bank of India

  • What is the SMS I can send to transact?

    For subscribing:

    "BUY space (PAN or Folio) space (scheme code) space (amount) space (PIN)"

    Example: BUY 1019440199 02G 5000 1234

    For redeeming:

    "SELL space (Folio) space (scheme code) space (Amount or All) space (PIN)"

    Example: SELL 1019440199 02G 5000 1234

    For Switching:

    "SWITCH space (Folio) space (SO Scheme Code) space TO space (SI-Scheme Code) space (Amount or All)space (PIN)" to 56767105

    Example: SWITCH 11019440199 02G TO 132WD 5000 1234

    For SIP Registration:

    "REGSIP space (Folio or PAN) space (Scheme Code) space (Scheme Code) space (Amount)space (Count of Instalment)space (SIP Date)space (PIN)"" to 56767105

    Example: REGSIP 1019440199 02G 1500 60 10 1234

SMS Transact
  • What is SMS Transaction Platform of Aditya Birla Sun Life Mutual Fund?

    This is an alternate mode of acceptance of transactions enabled for segment of existing investors who can register to transact with ABSLMF by sending instructions via SMS from the registered mobile number.

  • Who can avail of this facility?

    "Existing investors of ABSLMF who register for this facility can transact via SMS. Currently, investors of the following segments are allowed to transact:
    - Resident Individuals (including guardians on behalf of minors)
    - Non-Resident Individuals"

  • How to register for this facility? Can I register more than one folio for this?

    "In order to register for this facility, investors needs to sign the application and mandate form and hand it over to any Official Point of Transaction of ABSLMF.

    Yes, investors may register more than one folio for this facility as long as the unit holding and the Mode of Holding pattern on all the folios are the same."

  • How much time does this registration take?

    "The turn-around time of registering for ISIP is 15 days ."

  • How will one be able to avail this Facility in case of "Anyone or Survivor" or "Joint" mode of holding in a folio?

    ABSLAMC offers this facility to:
    Single
    The Sole Unit holder of the Folio

    Anyone or Survivor
    The First Holder mentioned in the Folio

    Joint
    The First Holder mentioned in the Folio

    Note: In case the mode of holding of the folio is "Joint" and registration request and the Debit Mandate is duly signed by all the joint holder(s), it will be deemed to be an express instruction to the AMC / RTA to change the mode of holding to "Anyone or Survivor" on the folio / folios.

    Post this the mode of holding would be changed to Anyone or Survivor on the folio and the facility would be available to the first named holder only.

  • How will I be informed once the registration is completed?

    On receipt of confirmation of the status of the mandate registration from your banker, ABSLMF would send out the intimation to you via email and sms. For successful registrations, a PIN would also be shared which is to be used to initiate a subscription transaction.

    This PIN may be shared via email or SMS or in physical mode and must not be disclosed to anyone.

  • What happens if the PIN is not received or forgotten?

    In order to obtain a new PIN you will be required to place a request for new PIN at our call center toll free number 1800-270-7000.

  • What transactions can be carried out through this mode?

    The following types of transactions are currently enabled through sms transaction platform:

    • Subscription
    • Redemption
    • Switch
    • SIP Registration

  • What will be the applicable NAV for my transaction?

    "The applicable NAV for the transaction will be dependent upon the time of receipt (electronically time-stamped) of the SMS recorded, and other factors like the scheme, the type of transaction, the amount, the date of realization of funds and cut-off time provisions under SEBI (Mutual Fund) Regulation, 1996.

    This mode is treated at par with similar transactions received through other modes."

  • With what bank do I need to have an account in case I need to opt for this Facility?

    Eligible Investors can avail this facility if you have a bank account with any bank which has branches participating in Reserve Bank of India ("RBI") Electronic Clearing System ("ECS") /National Electronic Clearing System ("NECS")/Regional Electronic Clearing System ("RECS") facility. Additionally, one can hold an account with the Core Banking branches of banks wherein ABSLMF has direct debit tie-up. The following banks are where ABSLMF has the said Direct Debit tie-up:

    1 Bank of Baroda

    2 Bank of India

    3 Punjab National Bank

    4 Kotak Mahindra Bank

    5 IDBI Bank

    6 IndusInd Bank

    7 State Bank of India

    8 Citibank N.A

    9 Axis Bank

    10 Union Bank of India

    11 Corporation Bank

    12 Federal Bank

    13 UCO Bank

    14 State Bank of Patiala

    15 United Bank of India

  • What is the SMS I can send to transact?

    For subscribing:

    "BUY space (PAN or Folio) space (scheme code) space (amount) space (PIN)"

    Example: BUY 1019440199 02G 5000 1234

    For redeeming:

    "SELL space (Folio) space (scheme code) space (Amount or All) space (PIN)"

    Example: SELL 1019440199 02G 5000 1234

    For Switching:

    "SWITCH space (Folio) space (SO Scheme Code) space TO space (SI-Scheme Code) space (Amount or All)space (PIN)" to 56767105

    Example: SWITCH 11019440199 02G TO 132WD 5000 1234

    For SIP Registration:

    "REGSIP space (Folio or PAN) space (Scheme Code) space (Scheme Code) space (Amount)space (Count of Instalment)space (SIP Date)space (PIN)"" to 56767105

    Example: REGSIP 1019440199 02G 1500 60 10 1234

  • When will my bank account get debited towards the purchase/SIP transaction initiated?

    "Your registered bank account may be debited towards the purchases initiated via SMS, either on the same day of transaction or generally within one to seven business days depending on ECS cycle. Units allotted would be kept under cooling block/hold until receipt of credit. Investors must ensure that the account is sufficiently funded to honor the transaction.

    Please take note that in case of non-receipt of the funds (for any reason), the corresponding units allotted would be reversed."

  • What would be the applicable NAV for investment amounts greater than or equal to Rs 2,00,000/- ?

    For subscription amount equal to or more than Rs 2 Lacs, the closing NAV of the day (or immediately following Business Day if that day is not a Business day) on which the funds are available for utilization, shall be applicable.

  • If I send the SMS instruction to subscribe based on my PAN, how will the Folio No for my subscription get recorded?

    "Based on the initial registration to the facility, the associated folio would be considered as the folio number for the subscription transaction.

    In case there is more than 1 folio registered, the last transacted folio would be considered for the subscription. "

  • What is Scheme code?

    Scheme code is a keyword given to each scheme with plan and option; you need to be sure about scheme code while doing a transaction. The scheme codes are available on your account statement.

    Alternatively, you can search the scheme code by sending the KEYWORDS to 56767105:

    Send: SEARCH space <Scheme name>
    Example: SEARCH Cash Manager

  • How will the ARN code of my distributor get recorded?

    All transactions under this Facility will be processed with the ARN code of the distributor through whom the last transaction was received in the folio.EUIN as available with the last transaction would also be considered for the sms based transaction.

    Please take note that transaction charges may be applicable for the said transaction basis the distributor, i.e. if the said distributor has opted for same.In case of SIPs, The transaction charges shall be deducted in 3-4 installments in accordance with SEBI guidelines.

  • What are the instances where my transaction does not get processed?

    "The transactions that are successfully received by ABSLAMC may be rejected under the following circumstances:

    Transaction SMS received with incorrect format

    Transaction received from un-registered Mobile

    Transaction received with incorrect details i.e. PAN, Folio, Scheme Code

    Where transaction amount does not meet the minimum subscription/redemption amount requirement as specified in Scheme Information Document (SID) / Statement of Additional Information (SAI).

    Where the market value is less than the redemption/switch out amount requested.

    Where the subscription / SIP amount exceeds the per transaction limit specified on the Debit Mandate."

  • What would be the sub-option (reinvestment or payout) in case the scheme selected is a dividend option?

    In case of subscription is into an existing investment under the folio mentioned, the sub-option for the additional units corresponding to subscription via SMS shall be allotted under same Plan/Option, as found under the existing folio/scheme account.

    In case of investment into a new scheme under the folio, the Default plan/option for scheme will be applicable as per the respective Scheme Information Document (SID)/ Key Information Memorandum (KIM).

  • What are the charges applicable for transacting through SMS?

    There are no charges applicable for transacting through SMS; however premium outgoing SMS charges will be applicable as prescribed by your service provider.

  • What are the timings for initiating SMS transaction?

    SMS transaction can be sent anytime and at any day. In case the transactions are received post cut-off on a business day or on a non-business day, the request is treated as being received on the immediate next business day.

iSIP
  • What is iSIP?

    iSIP is an online systematic investment plan (SIP) tool where you can invest through an SIP online and secure your long term goals with ease.

  • What are the significant features of iSIP?

    Aditya Birla Sun Life iSIP is the first of its kind in the Indian mutual fund industry. The significant features are - Managing your SIP investments is just a click away
    Quick and Paperless
    Simple 3 step process
    Manage your SIP anytime and anywhere
    Its easy and secured
    You can change your Bank Mandate

  • Who can avail of this facility?

    Any investor with online access can avail this facility. Click here to start a SIP
    In case you do not have a folio with us, you can create a folio and start a SIP. Click here to create a folio and start investing.

  • Is this facility available for all schemes?

    This facility is offered for schemes where SIP is currently available. Once you login, you will be able to see a list of schemes which you can then choose to register you SIP.

  • What are the available dates while making an iSIP purchase?

    An existing investor, can avail of this facility by logging in on our website You can select any day of the month as your SIP date.

  • Can I register the iSIP through any Bank?

    You can register through any of the banks provided in the drop down box. However, you need to have online access with your bank to avail this facility.
    SIP can be registered using Biller / OTM as a payment mode

  • What type of account do I need to avail of the iSIP facility?

    You can invest through a current, savings account and NRO accounts held with the registered banks. This facility is currently not available for NRI-NRE accounts.

  • Will this be treated as a 'Direct' investment?

    You have an option of investing via a Broker OR Direct. If you want to invest through a broker then please enter the broker code and 'sub broker' code (if applicable). This will ensure that your broker gets the brokerage for this transaction. The advantage of investing via a broker is that you will get sound investment advice.

  • What are the payment options available to avail this facility?

    You can register for a SIP / CSIP using Biller / OTM as a payment mode

  • Can I renew my iSIP online?

    No, currently renewal of SIP cannot be registered onlne. However you can start a new SIP online in the same scheme and amount if you wish to renew SIP in that scheme.

  • Can I cease / cancel my iSIP online?

    Yes, you have an option to cancel your iSIP online anytime. You can visit the “Our services” section in the investor portal after logging in and click on “Online SIP, SWP and STP” and cancel the active SIP.

  • How will I know if the iSIP is registered?

    You can visit the “Our services” section in the investor portal after logging in and click on “Online SIP, SWP and STP”. The 'status' tab will display as 'Registered', 'Active', 'Cancelled', 'Expired' OR 'Closed'. (Statuses should be confirmed by IT and ops) no need to add
    Registered: - You have created a iSIP transaction that will be active once you have registered Birla as a Biller with the Bank.
    Active: - Your SIP is now active in our system and your bank will be debited on the date you have chosen. (This will only happen after you have registered Birla as a biller with your Bank)
    Cancelled: - Transaction Cancelled by the Investor.
    Expired: - Unique Registration Number expired. Therefore, please register for a new SIP.
    Closed: - The SIP term is complete.

  • What is an URN number?

    URN is Unique Registration Number. In case you want to register for SIP with biller option, you will need this number at the time of adding ABSL MF as a biller in your bank. This is also a reference number and if you have any difficulties or queries, you can contact us and provide this number and we will be able to assist you with your queries.

  • Once I have registered for iSIP, can I see the status of all my SIP's online?

    You will be able to see the status of all your SIP's that you have created online.

PMS
  • What is Portfolio Management Service?

    Portfolio Management Service is a division of Aditya Birla Sun Life AMC Limited created especially for high net-worth individuals to provide customized solutions for their financial investment needs.​

  • How is PMS different from Mutual Fund?

    The differentiating factor is our customized approach. Our portfolio manager understands each customer's needs and prepares a model portfolio depending upon his financial goals, time horizon, investment outlook. The service also offers clients access to sophisticated investment advisory services aimed at providing strong performance.

  • How does one begin?

    At Portfolio Management Service, our Relationship Manager will have a detailed discussion with you regarding your financial goals and will engineer a portfolio as per your requirement across various asset classes. To meet with our Relationship Manager please visit Contact Us.​

  • How is PMS with Aditya Birla Sun Life more advantageous?

    PMS with Aditya Birla Sun Life offers the following benefits -

    Institutional quality investment management
    Long term track record
    No conflict of interest - neither into broking nor investment banking
    Emphasis on proprietary research
    Adherence to portfolio universe and Disciplined Investment Process
    Emphasis on risk management
    Strict internal and external compliances
    Outstanding responsiveness and comprehensive communication with clients

  • What kind of returns can I expect?

    Portfolio Management Service offers various products to suit individual investment objectives. We endeavor to outperform the benchmark indices like Nifty but there can be no guarantee or certainty of the same. Over long term, equities have outperformed other asset classes. However the future returns may vary based on market risks.

  • What will be the tax structure applicable?

    We will provide transaction reports on a regular basis, realized Gain/ (Loss) statement on a quarterly basis and Audited Financials (on a yearly basis). Tax incidence will arise only after portfolio action brings in gains (where the client shifts pre-owned stocks)

    Note: Taxation being a highly personalized matter, clients are advised to consult their tax advisors for comprehensive advice with regard to the above and all other allied issues governing a Privileged Portfolio. We do not offer any tax advice.

  • Who shall manage my funds?

    Backed with a strong research team, we have a skilled team of fund managers with requisite industry and market experience who shall will manage your funds.

  • What is the time horizon and is there a lock-in period?

    The ideal time horizon for a equity portfolio is at least 24-36 months. The lock-in period varies depending on which product you include in your portfolio.

  • What if I terminate PMS before one year?

    You can terminate from PMS at any time after 30 days. Charges as agreed upon would be applicable.

  • Which product would be most suitable for me?

    Our Portfolio Managers are experts who first understand your risk profile and expectations, and then develop an investment strategy that best suits your individual needs.

  • Are there risks associated with PMS investments?

    Yes. All investments involve a certain amount of risk, including the possible erosion of the principal amount invested, which varies depending on the security selected.

  • Do you invest in Derivatives on behalf of the customer?

    The Portfolio Manager may invest in future and options to hedge, to generate returns or to balance the portfolio.

  • How regularly can I get updates on my portfolio?

    The Statement of Holding & other relevant details will be available to you online 24 X 7 basis and can be viewed logging in your user ID and the PMSsword that will be supplied to you. The audited Annual Statements will also be couriered on an annual basis.

  • How does an NRI invest in BSL PMS?

    The NRI Docket (consisting of BSL PMS Agreement & Deutsche Bank booklet) duly completed along with Rupee cheque or Rupee draft should be submitted along with required documentation. Investors can also lodge their completed application forms with brokers appointed by BSL PMS for onward submission. All cheques/DDs must be drawn in favour of investor himself / herself and crossed "A/c payee" only and payable at the place where the application is submitted at the official point of acceptance. The NRI investor needs to give a cheque or draft in rupees from his/her NRE, NRO bank account in India. The NRI investor may also send a rupee cheque/draft issued by an exchange house abroad drawn on its correspondent bank in India. However, for an NRI to invest it is mandatory that he/she maintains a bank account in India.

  • What address should be mentioned on the application form? Can an NRI mention a local address for all communication?

    The application form of Aditya Birla Sun Life PMS has a provision for local address, but the NRI Overseas Address is mandatory. If the local address is also provided, in such cases, the Indian address is registered for the purpose of contact and the foreign as an alternative address.

  • Will BSL PMS accept an NRI application with an overseas bank account detail?

    No. Overseas bank account details are not accepted as the payment is in Indian rupees by way of cheque/direct credits.

Scheme Re-categorization – FAQs
  • What is the benefit of the New Categorisation?

    It will provide Mutual Fund houses clarity and comfort to follow a set of guidelines in identifying investment opportunities.

  • How does this benefit the investor?

    It will help investors identify schemes that suit their investment goals, time horizon and risk profiles. It is also expected to make various funds comparison across industry easier. It will help investors making an informed investment choice.

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