Documents needed for mutual fund investments

It is good to plan your investments and park your money to fetch some returns and allow it some growth. When planning your investments, an investor must do the ground work and research properly. All questions regarding the size and term of investment, risk and returns associated, ratio of expense and performance, performance of fund house and its manager, along with diversification of funds should be answered. The type of scheme you plan to invest in should share common financial objectives as yours, so individual and collective aims are met. So, once you are sorted with your investment plans for taking a stake in mutual funds, next in line should be the procedure and documentation required. Often this is easily missed out when making your investment plans, though not a tall task but should surely be given a thought.
So, the list of documents that might make you a little more ready when you begin your mutual fund investments are as follows:
- Mutual Fund Account Form & SIP Form
If you are a first time investor or it is a Systematic Investment Plan (SIP) that you wish to invest in, firstly you'd be required to fill up two forms. One will help you open an account with the mutual fund and other to specify the details related to SIP for specifics related to the amount of monthly installments, frequency, etc. But if you are already invested with a mutual fund in that case you'd only be required to fill the SIP form.

 - KYC Application Form
Next in line of your list of documents will be the Know Your Customer (KYC) application form. It has been made mandatory to obtain KYC acknowledgement from anybody you wishes to invest in mutual funds. This shall be given along with the mutual fund form. By submitting the KYC acknowledgement you would no longer require to submit copies of your PAN card, which were required earlier.
 - Cancelled Blank Cheque
When you initiate your SIP investments, and defer your minimal investment for that time, you must submit along a canceled blank cheque. A cancelled blank cheque in this case is required to meet the electronic clearing system (ECS) mandate. Via this cancelled cheque details mentioned about the investor's account number, the Indian financial System Code (IFSC) code, the magnetic ink character recognition (MICR) code, are all captured.
 - Documented Proof of Relationship with Minor
In case you are planning to invest in mutual funds in the name of minor, a third-party declaration form becomes important to fill and submit. Only if you are a parent, you can invest on the behalf of the child and documents as proof to back the relationship should too be submitted.  A birth certificate or a passport with the details of parent's name and relationship can suffice. In case the child the child has a guardian as Okayed by the court, documented proof of the same establishing the relationship with the minor and guardian is a must.

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Financing Tools For Surviving In The Corporate World

The world is flowing in the corporate hush. People are trying their best to achieve more and more in this world. Many are becoming entrepreneurs by opening their new businesses. But as it is commonly said that business is the second name of the risk, there can be problems and ups downs at regular intervals in the business world. Fortunately, there are some great ways to survive the time of recession and no-income times. Let us try to focus on two main ways through which we can leverage the net income of the business.
Financing of the trade
Trade literally means buying and selling of the products, which you manufacture in your industry. Now, as a businessman, you would obviously like to keep your business flow like water. Sometimes a time comes when your trade does not go pretty well. In these times, your business could run into small troubles in terms of money. Fortunately, there are some unique methods made by the financial gurus which can help your business grow by leaps and bounds. One of those financial methods is trade financing. Most of the people would not be aware of this term because it is not a very general term amongst common people. Well, trade finance is a strategy in which you can simply finance your trades. Also, trades are nothing but product transactions as discussed earlier, financing those means supporting their routes financially so that they could reach at desired destination properly and safely. There are external agencies which can help your company by funding your trades and then get the money when you get your invoices after delivering the products at desired destinations. Trade financing is applied by many corporate giants in their company to strongly boost their income and proper utilization.

Factor
Financing of the trade was all about trading. Now another thing that might hamper your business is the late receiving of the invoices. As everybody knows that invoices are received at the end of the every month, there can be a problem in terms of the money for the businessman who is running it. So, for getting money at regular intervals to run the business, there needs to be some agency that could provide you such thing.
At the end of the month, the factor gets all the money from the customer, gives the rest of the price to the main company be subtracting their commission from it. In this way, the factor gets free money for investing in the main company and the main company gets a boost by getting the money at regular intervals. The main company can leverage its output by properly investing the incoming money for further progress.
For getting further insights in the context of surviving the corporate world, you can read about more steps on the internet or consult a consultant company itself.

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A Best Mutual Fund for Your Child - ICICI Prudential Child Care Plan-Study Plan

Children Education is one of the most important financial goal for every parents. Many of us start investing into a Bank FD or LIC Policies or any other Endowment Policies for Children education. However, this is one of the most common financial mistake that most parents do. Because Bank FDs or Insurance policies will not yield inflation-beat returns to you and might not sufficient to manage your child educational or any other needs. So, what is the best way to invest for your child with safe and high return expectations? You must have heard that Mutual funds are the best way to create wealth over the long term. But all Mutual funds are suitable to invest for your child? We will see the best Mutual fund to invest for your child in this article.

Why Mutual Funds are the Best Product for Child Investments:

1. History revealed that the Inflation-Beat returns are possible only with Mutual funds for your long term investments.
2. Mutual Funds are an attempt to inculcate long-term investing discipline in Parents
3. You can invest as low as Rs. 500 monthly (SIP approach) which is quite affordable to many parents.
4. Tax will be imparted only when you redeem the Mutual fund units. 
5. Lower Maintenance cost
6. Many resources are available to verify the track record and to choose the right Mutual funds

The Best Mutual Fund for Your Child:

Investing for child planning is always a grave concern for parents. Due to emotional attachment, they are lured with all kind of products in the name of child future and so at times it's difficult to choose the right option. Insurance companies have been long selling their child plans with some additional features than a normal insurance product. Many parents are making mistake here. Always choose Mutual funds route for your Child care planning. After studying many factors, the ICICI Prudential Child Care Plan - Study Plan is the best option for your Child education.

Why ICICI Prudential Child Care Plan - Study Plan?

1. ICICI Prudential Child Care Plan - Study Plan is Debt oriented Balanced Mutual fund
2. Un-beatable performance from the last 5 years
3. Continuous 5-star rated by ValueResearch
4. No tax on your corpus when you redeem after 3 years
5. Reducing Repo-rate cuts by RBI would yield more returns from Debt funds in the coming days
6. Higher ratio of Debt component ensures the safety and the Equity component ensures the higher returns

About ICICI Prudential Child Care Plan - Study Plan:

This plan is aimed at providing steady income through a fixed income portfolio with limited allocation to equities. The equity allocation of the plan will not go beyond 25 per cent, somewhat similar to an open-end Monthly Income Plan. This plan is suited for an investor seeking regular income for his child education.Almost 75% of its assets are allocated in Debt, less than 25% in Equity and the remaining in Cash. The top 5 equity holdings consist Motherson Sumi Systems, Natco Pharma, Indoco Remedies, Sterling Holiday Resorts, Balkrishna Industries. Because of the RBI's Repo-rate cuts, the fund performance has been zooming to 30% from the last 1 year and will assure the same performance levels in the near future as well. See the following chart about the fund performance.

Conclusion:

Planning for child future is full of emotions and you do not have a choice to defer it. But for any long term investments a careful thought needs to be given on various factors which can affect your decisions. Choose ICICI Prudential Child Care Plan - Study Plan for your child which would give highest returns blending with safety.

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