FAQs - Aditya Birla Sun Life Mutual Fund

A mutual fund is a financial instrument that collects money from several investors like you, and invests it in various investment options like shares, bonds, etc. This fund is managed by experts.

Depending on where your money is invested, mutual funds can be classified into three types: Equity, Debt and Hybrid. Equity mutual funds invest in shares of companies listed on the stock exchange. Debt mutual funds invest in bonds of reputed companies and government bonds. Hybrid mutual funds invest in both, shares and bonds.

"The turn-around time of registering for ISIP is 15 days ."

"On receipt of confirmation of the status of the mandate registration from your banker, ABSLMF would send out the intimation to you via email and sms. For successful registrations, a PIN would also be shared which is to be used to initiate a subscription transaction.

This PIN may be shared via email or SMS as per your registered email id and mobile number.

In order to commence transacting it is imperative to change your PIN while transacting for the first time.

To change PIN pls send an SMS as CPIN space space space and send it to 56767105.

A confirmations SMS and email shall be sent to you once the new PIN is registered post which you may commence transacting. Ensure that this PIN is not disclosed to anyone. "

All transactions under this Facility will be processed with the ARN code of the distributor through whom the last transaction was received in the folio.EUIN as available with the last transaction would also be considered for the sms based transaction.

Please take note that transaction charges may be applicable for the said transaction basis the distributor, i.e. if the said distributor has opted for same.In case of SIPs, The transaction charges shall be deducted in 3-4 installments in accordance with SEBI guidelines.

"Based on the initial registration to the facility, the associated folio would be considered as the folio number for the subscription transaction.

In case there is more than 1 folio registered, the last transacted folio would be considered for the subscription. "

There are no charges applicable for transacting through SMS; however premium outgoing SMS charges will be applicable as prescribed by your service provider.

"The transactions that are successfully received by ABSLAMC may be rejected under the following circumstances:

Transaction SMS received with incorrect format

Transaction received from un-registered Mobile

Transaction received with incorrect details i.e. PAN, Folio, Scheme Code

Where transaction amount does not meet the minimum subscription/redemption amount requirement as specified in Scheme Information Document (SID) / Statement of Additional Information (SAI).

Where the market value is less than the redemption/switch out amount requested.

Where the subscription / SIP amount exceeds the per transaction limit specified on the Debit Mandate."

SMS transaction can be sent anytime and at any day. In case the transactions are received post cut-off on a business day or on a non-business day, the request is treated as being received on the immediate next business day.

In order to obtain a new PIN you will be required to place a request for new PIN at our call center toll free number 1800-270-7000.

This is an alternate mode of acceptance of transactions enabled for segment of existing investors who can register to transact with ABSLMF by sending instructions via SMS from the registered mobile number.

Scheme code is a keyword given to each scheme with plan and option; you need to be sure about scheme code while doing a transaction. The scheme codes are available on your account statement.

Alternatively, you can search the scheme code by sending the KEYWORDS to 56767105:

Send: SEARCH space <Scheme name>
Example: SEARCH Cash Manager

The following types of transactions are currently enabled through sms transaction platform:

• Subscription
• Redemption
• Switch
• SIP Registration

For subscription amount equal to or more than Rs 2 Lacs, the closing NAV of the day (or immediately following Business Day if that day is not a Business day) on which the funds are available for utilization, shall be applicable.

In case of subscription is into an existing investment under the folio mentioned, the sub-option for the additional units corresponding to subscription via SMS shall be allotted under same Plan/Option, as found under the existing folio/scheme account.

In case of investment into a new scheme under the folio, the Default plan/option for scheme will be applicable as per the respective Scheme Information Document (SID)/ Key Information Memorandum (KIM).

"Your registered bank account may be debited towards the purchases initiated via SMS, either on the same day of transaction or generally within one to seven business days depending on ECS cycle. Units allotted would be kept under cooling block/hold until receipt of credit. Investors must ensure that the account is sufficiently funded to honor the transaction.

Please take note that in case of non-receipt of the funds (for any reason), the corresponding units allotted would be reversed."

"Existing investors of ABSLMF who register for this facility can transact via SMS. Currently, investors of the following segments are allowed to transact:
- Resident Individuals (including guardians on behalf of minors)
- Non-Resident Individuals"

A mutual fund company collects money from many investors, and invests it in various options like shares, bonds, etc. This fund is managed by professionals who understand the market well, and try to achieve growth by making strategic investments. Investors get units of the mutual fund according to the amount they have invested.

Some of the major benefits on investing in a mutual fund are: - Diversification - Professional management - Convenience - Liquidity - Variety of schemes and types - Tax benefits

NFO stands for a New Fund Offer. When a new fund is launched for investors, it is known as a NFO. A NFO could also be the launch of additional units of a close-ended fund.

A fund of fund is a kind of mutual fund that invests in a variety of mutual funds.

Hybrid mutual funds invest both in shares and bonds. The portion invested in shares helps grow your wealth, while the portion invested in bonds offers stability to your portfolio.

A Systematic Investment Plan (SIP) is a convenient method of investing in mutual funds. Under this plan, an investor contributes a fixed amount towards the mutual fund scheme at regular intervals, and gets units at the prevailing NAV.

Investing in SIP offers two major benefits: - You can start investing with a small amount - You can average out your investment, as SIP involves buying units at different points of time and at different NAV levels

Under a Systematic Withdrawal Plan (SWP), an investor redeems a fixed number of mutual fund units at regular intervals.

Exchange Traded Funds (ETFs) are funds that can be traded on a stock exchange, just like shares. These funds invest in shares, indexes or commodities.

Index funds are mutual funds that invest in shares of companies comprising a particular index. These funds intend to replicate the performance of a particular index.

Rupee cost averaging is one method to save regularly and minimise the effect of market volatility on investments. By investing through methods like SIP, you invest a fixed amount in mutual funds at regular intervals. So, you get more units when the NAV is low and fewer units when it is high. Eventually, your average cost per unit is brought down.

NAV stands for Net Asset Value of a mutual fund. This is basically the price of one unit of a mutual fund.

NAV can be calculated as follows: Assets of the fund – Liabilities of the fund / Number of outstanding units for that fund

Mutual fund companies have to declare the NAV of their funds at least once a week. However, most companies declare it at the end of every working day.

They invest their corpus in securities issued by the government. These funds carry zero default risk but are associated with interest rate risk. So, there could be a possibility that the debt funds lose some part of their net asset value (NAV) also. But these schemes are safer as they invest in papers backed by government.

Sectoral mutual funds invest your money in shares of companies of one particular sector. The main objective of these funds is to provide high returns from one particular sector that has the potential to grow.

Liquid funds are mutual funds that offer high liquidity. This means, the units of these funds can be sold immediately, and the invested amount can be redeemed quickly.

Capital protection funds are mutual funds designed to protect your capital. These funds put a major portion of the investment in bonds, and a small portion in shares. Over time, the portion invested in bonds grows to the size of your original investment. So even if the portion invested in shares does not do well, your capital is still protected.

Open-ended funds can be bought and sold at any time; they have no fixed tenure.

You can buy units of close-ended mutual funds only when a mutual fund company launches the fund. Once you buy them, you have to hold your investment for a fixed tenure.

Redemption price is the price that you receive on selling each unit of your mutual fund investment.

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It is a one - time registration process where you authorize your bank to execute debits to your bank account upto a certain specified limit, as and when you invest with ABSLAMC without having to initiate any payment from your end.

In case you are an existing investor, there are 2 ways to register for an OTM

I. Online. Click here to register for an OTM Online
ii. Offline / Physical. You can fill and submit the 'OTM debit Mandate Form' and submit the same to any of our Investor Service Center considered as Official Point of Transaction of ABSLAMC.

In case of a new investor, you can fill and submit the 'Common Application Form' along with the 'OTM Debit Mandate Form'.

Physical OTM registrations may take upto 21 days. Online OTM registration may take 3-5 working days.

You will need to submit the SIP cum OTM registration Form. Alternately, you can also register for an OTM online and register for a SIP online.

As you have already registered for OTM facility, you only need to submit the physical SIP registration form, visit our website or send an SMS to register SIP. Alternately, you can even register for a SIP / CSIP online.

There is no cap on the number of SIPs that can be registered through the OTM facility as long as the individual SIP installment amount is within the OTM limit

Once the OTM facility is registered in the folio, any new SIP registration request will be registered within 5 days. If you submit the SIP registration request along with the OTM form, the SIP will be registered within 21 days.

On receipt of successful registration confirmation of the mandate from your banker, an OTM activation intimation (physical/email/SMS) will also be sent.

Yes. You can specify the limit in the amount field on the OTM form. This is a per transaction limit. OTMs registered online have a max OTM limit of Rs. 99,999 per transaction.

Eligible Investors can avail this facility if you have a bank account with any bank which has branches participating in Reserve Bank of India ("RBI") Electronic Clearing System ("ECS") /National Electronic Clearing System ("NECS")/Regional Electronic Clearing System ("RECS") facility and National Automated Clearing House (NACH) platform. However, online OTM registration is currently available for the below mentioned banks.

For offline OTM registrations, the only upper limit is as mentioned in the OTM form. The lower limit applicable is the minimum purchase amount in the respective plan/ option of the Schemes of the Fund as defined in the Scheme Information Document (SID) for each transaction. Online OTMs have a lower limit of Rs. 1000 and a Max limit of Rs. 99,999.

At the time of submission of physical /online transaction you need to tick or select the "Pay through OTM facility". 'Pay through OTM Facility' is just another payment option like Cheque/DD, RTGS/NEFT, Funds Transfer available on the forms/online portal.

The applicable NAV for the transaction will be dependent on various factors under provisions of SEBI (Mutual Fund) Regulations, 1996 like receipt time of the transaction; the scheme, the type of transaction, the date & time of realization of funds. All transactions under OTM facility will be treated on par with similar transactions received through any other modes. For details on the applicable NAV, refer Scheme information Document on the website of the Fund.

You can request for cancellation of the OTM facility by submitting the 'One Time Debit Mandate Form' and indicating cancellation.

You can:
* Make fresh lump sum investments
* Start new SIPs

The payment towards your investment will happen directly through your bank account based on your defined limit on the OTM form and you need not submit a cheque/ DD every time/transfer funds online.

On receipt of successful registration confirmation of the mandate from your banker, an OTM activation intimation (physical/email/SMS) will also be sent.

ABSLAMC offers this facility to:
Single
The Sole Unit holder of the Folio

Anyone or Survivor
The First Holder mentioned in the Folio

Joint
The First Holder mentioned in the Folio

Note: In case the mode of holding of the folio is "Joint" and registration request and the Debit Mandate is duly signed by all the joint holder(s), it will be deemed to be an express instruction to the AMC / RTA to change the mode of holding to "Anyone or Survivor" on the folio / folios.

Post this the mode of holding would be changed to Anyone or Survivor on the folio and the facility would be available to the first named holder only.

The applicable NAV for the transaction will be dependent on various factors under provisions of SEBI (Mutual Fund) Regulations, 1996 like receipt time of the transaction; the scheme, the type of transaction, the date & time of realization of funds. All transactions under OTM facility will be treated on par with similar transactions received through any other modes. For details on the applicable NAV, refer Scheme information Document on the website of the Fund.

Eligible Investors can avail this facility if you have a bank account with any bank which has branches participating in Reserve Bank of India ("RBI") Electronic Clearing System ("ECS") /National Electronic Clearing System ("NECS")/Regional Electronic Clearing System ("RECS") facility. Additionally, one can hold an account with the Core Banking branches of banks wherein ABSLMF has direct debit tie-up. The following banks are where ABSLMF has the said Direct Debit tie-up:

1 Bank of Baroda

2 Bank of India

3 Punjab National Bank

4 Kotak Mahindra Bank

5 IDBI Bank

6 IndusInd Bank

7 State Bank of India

8 Citibank N.A

9 Axis Bank

10 Union Bank of India

11 Corporation Bank

12 Federal Bank

13 UCO Bank

14 State Bank of Patiala

15 United Bank of India

For subscribing:

"BUY space (PAN or Folio) space (scheme code) space (amount) space (PIN)"

Example: BUY 1019440199 02G 5000 1234

For redeeming:

"SELL space (Folio) space (scheme code) space (Amount or All) space (PIN)"

Example: SELL 1019440199 02G 5000 1234

For Switching:

"SWITCH space (Folio) space (SO Scheme Code) space TO space (SI-Scheme Code) space (Amount or All)space (PIN)" to 56767105

Example: SWITCH 11019440199 02G TO 132WD 5000 1234

For SIP Registration:

"REGSIP space (Folio or PAN) space (Scheme Code) space (Scheme Code) space (Amount)space (Count of Instalment)space (SIP Date)space (PIN)"" to 56767105

Example: REGSIP 1019440199 02G 1500 60 10 1234

This is an alternate mode of acceptance of transactions enabled for segment of existing investors who can register to transact with ABSLMF by sending instructions via SMS from the registered mobile number.

"Existing investors of ABSLMF who register for this facility can transact via SMS. Currently, investors of the following segments are allowed to transact:
- Resident Individuals (including guardians on behalf of minors)
- Non-Resident Individuals"

"In order to register for this facility, investors needs to sign the application and mandate form and hand it over to any Official Point of Transaction of ABSLMF.

Yes, investors may register more than one folio for this facility as long as the unit holding and the Mode of Holding pattern on all the folios are the same."

"The turn-around time of registering for ISIP is 15 days ."

ABSLAMC offers this facility to:
Single
The Sole Unit holder of the Folio

Anyone or Survivor
The First Holder mentioned in the Folio

Joint
The First Holder mentioned in the Folio

Note: In case the mode of holding of the folio is "Joint" and registration request and the Debit Mandate is duly signed by all the joint holder(s), it will be deemed to be an express instruction to the AMC / RTA to change the mode of holding to "Anyone or Survivor" on the folio / folios.

Post this the mode of holding would be changed to Anyone or Survivor on the folio and the facility would be available to the first named holder only.

On receipt of confirmation of the status of the mandate registration from your banker, ABSLMF would send out the intimation to you via email and sms. For successful registrations, a PIN would also be shared which is to be used to initiate a subscription transaction.

This PIN may be shared via email or SMS or in physical mode and must not be disclosed to anyone.

In order to obtain a new PIN you will be required to place a request for new PIN at our call center toll free number 1800-270-7000.

The following types of transactions are currently enabled through sms transaction platform:

• Subscription
• Redemption
• Switch
• SIP Registration

"The applicable NAV for the transaction will be dependent upon the time of receipt (electronically time-stamped) of the SMS recorded, and other factors like the scheme, the type of transaction, the amount, the date of realization of funds and cut-off time provisions under SEBI (Mutual Fund) Regulation, 1996.

This mode is treated at par with similar transactions received through other modes."

Eligible Investors can avail this facility if you have a bank account with any bank which has branches participating in Reserve Bank of India ("RBI") Electronic Clearing System ("ECS") /National Electronic Clearing System ("NECS")/Regional Electronic Clearing System ("RECS") facility. Additionally, one can hold an account with the Core Banking branches of banks wherein ABSLMF has direct debit tie-up. The following banks are where ABSLMF has the said Direct Debit tie-up:

1 Bank of Baroda

2 Bank of India

3 Punjab National Bank

4 Kotak Mahindra Bank

5 IDBI Bank

6 IndusInd Bank

7 State Bank of India

8 Citibank N.A

9 Axis Bank

10 Union Bank of India

11 Corporation Bank

12 Federal Bank

13 UCO Bank

14 State Bank of Patiala

15 United Bank of India

For subscribing:

"BUY space (PAN or Folio) space (scheme code) space (amount) space (PIN)"

Example: BUY 1019440199 02G 5000 1234

For redeeming:

"SELL space (Folio) space (scheme code) space (Amount or All) space (PIN)"

Example: SELL 1019440199 02G 5000 1234

For Switching:

"SWITCH space (Folio) space (SO Scheme Code) space TO space (SI-Scheme Code) space (Amount or All)space (PIN)" to 56767105

Example: SWITCH 11019440199 02G TO 132WD 5000 1234

For SIP Registration:

"REGSIP space (Folio or PAN) space (Scheme Code) space (Scheme Code) space (Amount)space (Count of Instalment)space (SIP Date)space (PIN)"" to 56767105

Example: REGSIP 1019440199 02G 1500 60 10 1234

"Your registered bank account may be debited towards the purchases initiated via SMS, either on the same day of transaction or generally within one to seven business days depending on ECS cycle. Units allotted would be kept under cooling block/hold until receipt of credit. Investors must ensure that the account is sufficiently funded to honor the transaction.

Please take note that in case of non-receipt of the funds (for any reason), the corresponding units allotted would be reversed."

For subscription amount equal to or more than Rs 2 Lacs, the closing NAV of the day (or immediately following Business Day if that day is not a Business day) on which the funds are available for utilization, shall be applicable.

"Based on the initial registration to the facility, the associated folio would be considered as the folio number for the subscription transaction.

In case there is more than 1 folio registered, the last transacted folio would be considered for the subscription. "

Scheme code is a keyword given to each scheme with plan and option; you need to be sure about scheme code while doing a transaction. The scheme codes are available on your account statement.

Alternatively, you can search the scheme code by sending the KEYWORDS to 56767105:

Send: SEARCH space <Scheme name>
Example: SEARCH Cash Manager

All transactions under this Facility will be processed with the ARN code of the distributor through whom the last transaction was received in the folio.EUIN as available with the last transaction would also be considered for the sms based transaction.

Please take note that transaction charges may be applicable for the said transaction basis the distributor, i.e. if the said distributor has opted for same.In case of SIPs, The transaction charges shall be deducted in 3-4 installments in accordance with SEBI guidelines.

"The transactions that are successfully received by ABSLAMC may be rejected under the following circumstances:

Transaction SMS received with incorrect format

Transaction received from un-registered Mobile

Transaction received with incorrect details i.e. PAN, Folio, Scheme Code

Where transaction amount does not meet the minimum subscription/redemption amount requirement as specified in Scheme Information Document (SID) / Statement of Additional Information (SAI).

Where the market value is less than the redemption/switch out amount requested.

Where the subscription / SIP amount exceeds the per transaction limit specified on the Debit Mandate."

In case of subscription is into an existing investment under the folio mentioned, the sub-option for the additional units corresponding to subscription via SMS shall be allotted under same Plan/Option, as found under the existing folio/scheme account.

In case of investment into a new scheme under the folio, the Default plan/option for scheme will be applicable as per the respective Scheme Information Document (SID)/ Key Information Memorandum (KIM).

There are no charges applicable for transacting through SMS; however premium outgoing SMS charges will be applicable as prescribed by your service provider.

SMS transaction can be sent anytime and at any day. In case the transactions are received post cut-off on a business day or on a non-business day, the request is treated as being received on the immediate next business day.

iSIP is an online systematic investment plan (SIP) tool where you can invest through an SIP online and secure your long term goals with ease.

Aditya Birla Sun Life iSIP is the first of its kind in the Indian mutual fund industry. The significant features are - Managing your SIP investments is just a click away
Quick and Paperless
Simple 3 step process
Manage your SIP anytime and anywhere
Its easy and secured
You can change your Bank Mandate

Any investor with online access can avail this facility. Click here to start a SIP
In case you do not have a folio with us, you can create a folio and start a SIP. Click here to create a folio and start investing.

This facility is offered for schemes where SIP is currently available. Once you login, you will be able to see a list of schemes which you can then choose to register you SIP.

An existing investor, can avail of this facility by logging in on our website You can select any day of the month as your SIP date.

You can register through any of the banks provided in the drop down box. However, you need to have online access with your bank to avail this facility.
SIP can be registered using Biller / OTM as a payment mode

You can invest through a current, savings account and NRO accounts held with the registered banks. This facility is currently not available for NRI-NRE accounts.

You have an option of investing via a Broker OR Direct. If you want to invest through a broker then please enter the broker code and 'sub broker' code (if applicable). This will ensure that your broker gets the brokerage for this transaction. The advantage of investing via a broker is that you will get sound investment advice.

You can register for a SIP / CSIP using Biller / OTM as a payment mode

No, currently renewal of SIP cannot be registered onlne. However you can start a new SIP online in the same scheme and amount if you wish to renew SIP in that scheme.

Yes, you have an option to cancel your iSIP online anytime. You can visit the “Our services” section in the investor portal after logging in and click on “Online SIP, SWP and STP” and cancel the active SIP.

You can visit the “Our services” section in the investor portal after logging in and click on “Online SIP, SWP and STP”. The 'status' tab will display as 'Registered', 'Active', 'Cancelled', 'Expired' OR 'Closed'. (Statuses should be confirmed by IT and ops) no need to add
Registered: - You have created a iSIP transaction that will be active once you have registered Birla as a Biller with the Bank.
Active: - Your SIP is now active in our system and your bank will be debited on the date you have chosen. (This will only happen after you have registered Birla as a biller with your Bank)
Cancelled: - Transaction Cancelled by the Investor.
Expired: - Unique Registration Number expired. Therefore, please register for a new SIP.
Closed: - The SIP term is complete.