What happens if a mutual fund application is incomplete?

default options for a mutual fund

Level - BASIC

If all the options in a mutual fund application form are not filled up, the default option will be chosen. This investor education video by Moneykraft shows some outcomes of common default options.

AUTHOR(S): Shreeja Thirani

Explore

1 2 3 4

    1.If an investor does not choose from the different options in an application form



  • The fund will choose for him based on his risk profile
  • The fund will choose a default option for him
  • His form may be rejected
  • 2.What is the common default option for operating the account when husband and wife make a joint investment?



  • Joint holding and both signatures needed for operation
  • Either husband or wife can sign and operate
  • Only husband operates the account only
  • 3.The default option for frequency of SIP payments is



  • Yearly
  • Monthly
  • Quarterly
  • 4.The default option for investors in a mutual fund scheme is



  • Dividend option
  • Growth option
  • Can be dividend or growth,depends on the Scheme
Sponsor Name : NCFE
Share :
Facebook
COMMENT :
Submit

No Comments Found