What sources of information are furnished to investor after subscription for purchase of mutual fund units?
The investor in mutual fund units is entitled to receive a number of documents. When a mutual fund receives subscription from an investor, it is required to dispatch statements of accounts within maximum 30 days. The statement of accounts would contain information on allotment price and the load charged, number of units allotted, date of allotment, the folio number for the subscription, NAV as on date etc. Those investors who invest through SIP/STP/SWP, would receive statement of accounts within 10 days and an update on their investments every quarter of the year . Besides, mutual funds disclose quarterly portfolio statements. It contains details of securities constituting the portfolio and performance vis–vis the benchmark index. Half-yearly statements are published in one all-India English language newspaper and a regional language newspaper. This contains portfolio disclosure and unaudited financial results. Abridged annual report is mailed to all investors within six months of fin
