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After the First purchase , can the customer invest in the same AMC again on the same day?

April 26, 2017AMC customer invest purchase

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After the First purchase , can the customer invest in the same AMC again on the same day?

1 Answer

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10 Posted

After your first purchase you will not be permitted to transact for a period of 4 to 7 days depending on the processing time of the Mutual Funds’ Registrar. After you place an investment order in any Mutual Fund for the first time a Folio Number is generated for that particular fund. Until the Folio number is generated you will not be allowed to place any further orders for that particular Mutual Fund. After the Folio Number is generated you can place any number of order in any schemes of the Mutual Fund.