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Mutual Fund - FAQs

Equity Mutual Funds

SIP has become a very attractive way of investing for retail investors over the years. SIP basically involves investing a fixed amount at regular intervals in mutual fund. Investors can invest small amounts of money in daily, weekly, monthly or quarterly basis instead of investing a lump sum at one go.

A mutual fund basically collects money from investors, pools it together and invests it in various options like stocks, bonds or both. The investing decisions are taken by professionally equipped managers who understand the market well, and try to create value for the investors over a period of time.

As an investor, you can buy mutual fund 'units', which basically represent your share of holdings in a particular scheme. These units can be purchased or redeemed as needed at the fund's current net asset value (NAV). These NAVs keep changing, according to the fund's holdings.

All the mutual funds are registered with SEBI. They have to function within the provisions of strict regulation created to protect the interests of the investor.

NAV is the value of a fund's asset less the value of its liabilities per unit. In simple terms, NAV = (Value of Assets-Value of Liabilities)/number of units outstanding.

A mutual fund is set up in the form of a trust that has a Sponsor, Trustees, Asset Management Company (AMC). The trust is established by a sponsor(s) who is like a promoter of a company and the said Trust is registered with Securities and Exchange Board of India (SEBI) as a Mutual Fund. The Trustees of the mutual fund hold its property for the benefit of unit holders. The trustees are vested with the power of superintendence and direction over the AMC.
An Asset Management Company (AMC) approved by SEBI manages the fund by making investments in various types of securities.

A new fund offer (NFO) is the first time subscription offer for a new scheme launched by the asset management companies (AMCs).

Open ended funds buy and sell units on a continuous basis and allow investors to enter and exit as per their convenience.

Close-ended funds have a fixed maturity. Investors can buy units of a close-ended scheme from the fund only during its NFO. The fund makes arrangements for the units to be traded post-NFO in a stock exchange. This is done through a listing of the scheme in a stock exchange.

These funds combine features of both open-ended and close-ended schemes. They are largely close-ended, but become open-ended at pre-specified intervals

Return grade is the rating given to a fund based on its particular attributes. A return grade is defined as a quality rating of the stock or the bond based on the returns it offers to the investor and is used for the risk-return profile assessment.

AUM is the relative size of mutual fund companies that is assessed by their assets under management (AUM). When a scheme is first launched, assets under management would be the amount mobilized from investors. If the scheme has a positive profitability metric, its AUM goes up; a negative profitability metric will pull it down.

Units of a Mutual Fund scheme give investors exposure to a range of securities held in the investment portfolio of the scheme. Thus, even a small investment in a mutual fund scheme can give investors a diversified investment portfolio.

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Details of Contact Person Address Contact No. Email Id Working Hours
Client Servicing / Customer care Suresh Munge 63-67, Ajmera House,
4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628913 suresh_munge@ajmera.co.in 10:00 am to 6:00 pm
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4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628915 dhanesh_bendre@ajmera.co.in 10:00 am to 6:00 pm
Compliance Officer Ashish Ajmera 63-67, Ajmera House,
4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628888 ashish@ajmera.co.in 10:00 am to 6:00 pm
CEO / Whole Time Director Ashish Ajmera 63-67, Ajmera House,
4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628888 ashish@ajmera.co.in 10:00 am to 6:00 pm

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Attention Investors
1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 and BSE vide notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020 dated August 31, 2020 and other guidelines issued from time to time in this regard
5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
.......... Issued in the interest of Investors

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