Transfer funds using NEFT/RTGS, Bank-to-Bank Transfer, or Cheques

Beginning February 1st, 2021, allocation of units for each of our Schemes will be allocated once we have received your Application Money on the relevant scheme collection account.

In order to ensure that you don’t miss any allotments and avoid delays in allotment, you can use the option to transfer funds in PPFAS Selfinvest. Here’s how to do it:

Include our Collection Account in the Payees list within your bank.

  • Parag Parikh Flexi Cap Fund
  • Parag Parikh Liquid Fund
  • Parag Parikh Tax Saver Fund
  • Parag Parikh Conservative Hybrid Fund

General Guidelines, which are the same for both Schemes

Transfer the Funds using either NEFT/RTGS or the “Transfer Within Bank Option’ (in the case that of Axis, HDFC Bank, ICICI Bank and SBI Account holders) axis bank rtgs form and take note of the Unique Transaction Receipt No. (UTR Number.)

  • Log-in to PPFAS Selfinvest.
  • Begin the application process.
  • Choose the NEFT/RTGS or Bank Transfer option and enter the UTR in the field provided.
  • Fill out the application and upload online.
  • Allotment is conducted in accordance with the current SEBI Regulations in this regard.
  • You can get in touch with usif you have a question or provide us with information about this.
  • Details of Unclaimed Dividend or Redemption

SEBI vide circular no.SEBI/HO/IMD/DF2/CIR/P/2016/37dated February 25, 2016 has mandated Mutual Funds to provide on their website, the list of names and addresses of investors in whose folios there are unclaimed amounts (redemption / dividend). Additionally, Mutual Funds are also obliged to provide information regarding the procedure for claiming an unclaimed amount(s) as well as the required forms or documents needed to make the claim.

What exactly is an unspent dividend?

Demand drafts or cheques for redemption issued to investors who are unpaid after the time of validity are classified as non-claimed.

What’s the procedure to get these amounts?

Investors are required to provide the form in its entirety Unclaimed claim for dividends or redemption form and adhere to the rules as stated in the document.

What is the sum payable to an investor?

The initial amount payable to an investor with any interest accrued thereon through the use of permitted instruments for a period of three years following the date on which the instrument was created. Any interest earned after this time is paid into the Investor Education and Protection Fund according to the provisions of the current SEBI Regulations / Circulars & Guidelines. These regulations also outline the type and method of use of these funds.

Additional KYC, FATCA and CRS

To ensure compliance with the tax information sharing laws like FATCA/CRS every financial institution (including Mutual Funds) are obliged to obtain additional personal, tax-related and beneficial owner information, as well as documents and certifications from unit owners. Financial intermediaries (including Mutual Funds) are required to share the details of your account with tax authorities as well as other relevant authorities.

Read SEBI Circular CIR/MIRSD/2/2013 of 24th January 2013. SEBI released guidelines for identification of Beneficial Ownership twitch tv activate. SEBI has also required all intermediaries to determine and verify these beneficiaries’ owners.

Vide AMFI Circular, dated 18th September, 2015, the following information is now mandatory w.e.f. 1st November 2015 for all new investors in the Fund and as of 1st January 2016 for existing investors.

  • Additional KYC Information
  • Ultimate Beneficiary Ownership (UBO) declaration from non-individuals
  • The this information is required in accordance with the above-mentioned requirements:
  • Country of Birth/Incorporation
  • Place of Birth/Incorporation
  • Address Type [Residential, Business Residential, Business Registered Office] for your KYC Registered Address. KYC registered address
  • Occupation
  • Applicant Income Slab details
  • Details on Net Worth (where relevant)
  • Information on PEP (Politically Exposed Person and their relatives]
  • Information about specific corporate services (applicable to Non-Individuals)

Information about the Ultimate Beneficiary Owner(s)/Controlling Person(s) (applicable for certain categories of Non-Individuals Information about the Ultimate Beneficiary Owner(s)/Controlling Person(s) [application]

  • If your tax residence is not India the details for all countries in which you reside for tax purposes are required:
  • Countries of tax residency (select USA as a country of tax residency, in which the person is a citizen or green card holder in the USA)
  • Tax Identification Number (If unavailable, please give the equivalent functional number)
  • ID Type (TIN or another to be defined)

Investors of all kinds (both Individuals and Entities) must fill out the appropriate FATCA-CRS Declaration and KYC Supplementary Information as well as the UBO Declaration Application Form, and then submit it to CAMS/CAMS supported Mutual Fund AMC branches for updates.

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