If I request a change of broker code to ‘DIRECT’ for my transaction dated before January 4, 2008, will my units be recreated?
No. The said guideline is effective January 4, 2008. • If I invest directly, can I later add a broker? Yes. A written request has to be submitted for change of broker code signed by the Unitholder(s), depending on the mode of holding. However, the procedure would be different for the Channel Distributors. In such case, the documents have to be routed through the Channel Distributor. • If I add a broker to a ‘DIRECT’ transaction (transaction already effected), would the broker be eligible for commission? Yes, the broker would be eligible for the trail commission from the date the broker code is added in the scheme. • After I change my broker code to ‘DIRECT’, would my previous broker continue to receive the trail commission? No. • I have transacted through ICICI Direct. Would my investment be subject to entry load? Yes. We have arrangement with certain brokers like ICICI Direct, Citi Wealth Advisors, HSBC QNIS, etc. who transacts with us electronically on your behalf. These brokers are
Related Questions
- If I request a change of broker code to ‘DIRECT’ for my transaction dated before January 4, 2008, will my units be recreated?
- If no broker code is mentioned on the transaction slip would the transaction be treated as ‘DIRECT?
- If the broker code on the transaction slip is modified or changed to ‘DIRECT’, will an entry load be charged?
