For my existing SIP / STP can I change my broker code to ‘DIRECT’ for future installments?
Yes. A written request has to be given by the investor(s), depending on the mode of holding, for change of broker to ‘DIRECT’. For all the future installments the entry load will be waived off. However, the request should be submitted at least 10 days before the next SIP / STP date. • Is there any waiver of exit loads in the equity schemes? There is no change in the exit load provisions. • If I have an existing investment routed through a broker in a folio, will I be charged entry load for additional purchases? The investments would continue to be routed through the recorded broker unless specifically instructed by the investor by mentioning ‘DIRECT’ on the application form / transaction slip and signed by the Unitholder(s), depending on the mode of holding. If the broker code is preprinted then the same has to be struck off and countersigned by the investor(s), depending on the mode of holding. In addition the word ‘DIRECT’ should be written on the transaction slip. • If no broker cod
