In present time, there is no hold of Share Market. Any moment we can see a sudden change, high jumps and big drops. In such situation, Mutual fund is the safest way left to invest in the market. If you are investing in mutual funds, then there are some rights given to you by the market regulator SEBI and you should properly utilize them.
- Scheme documents - Before investing in any mutual fund, it's important to check all the documents related to the scheme. The document will help you to analyze the current and past performance of the scheme.
- Distributor Fees – Either you have invested directly or through authorized distributors, you have right to ask about the distribution commission and other transaction information.
- All updates – You will be receiving an email or SMS regarding the updates of your investment and if you are not getting updates, then you should contact your fund house with having your pan card details.
- Interest on Redemption amount - If you have withdrawn your mutual fund, but haven't received your money within 10 days, then fund house will give you the interest money with the rate of 15% per year.
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