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, through Circular No. SEBI/HO/IMD/DF2/CIR/P/2016/37 dated February 25, 2016, has mandated that Mutual Funds must display on their websites the names and addresses of investors whose folios contain unclaimed amounts (redemption/dividend).
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?
What is the sum payable to an investor?
The initial amount, along with any interest accrued through permitted instruments, is payable to the investor for three years from the date of the instrument’s creation.
Additional KYC, FATCA and CRS
Financial intermediaries must share these account details with tax authorities and other relevant regulatory bodies.
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)
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- 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.