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Every mutual fund investor enjoys certain benefits as per the SEBI’s laws and legislation which help them to protect their interests. The asset management companies like ICICI Prudential Mutual Fund extend services which are investor-centric and are more than those required by their regulatory. Here are some of the major rights which are enjoyed by the ICICI MF investors in India.
Scheme Related Documents
Being a potential investor of mutual funds in India, you must go through the details of the schemes that you intend to opt for your portfolio. You have the right to ask for the set of documents which include the Scheme Information Document (SID) and Statement of Additional Information (SAI). These two forms the offer document of the scheme you intend to invest in. Apart from this, you must ask for the Key Information Document (KIM) and the documents containing the complete information of the fund house as well as the schemes. Moreover, in case any changes are made in the documents or the schemes, ICICI Mutual Fund is obliged to inform you.
Commission or Fees
You can opt for ICICI Mutual Funds either directly or through an authorised distributor. If you opt for buying through a distributor, then you will have the right to know all the commission, fees or brokerage payable by the fund house to the third party. This affects your income or returns in an indirect manner, and thus you must know about it.
Schemes Related Update
You have every right to receive updates regarding the schemes in which you have invested. There might be changes in the portfolio concentration for rebalancing, or change in the strategy of the fund manager, etc., you have the right to know everything. ICICI Prudential Mutual Fund provide such information to the investors within time.
Redemption & Dividends
We invest the money to reap the benefits in a time of need. Redemption is the mode through which we can withdraw our funds whenever we require in order to gain the earnings that we desire and fulfil the requirements. When you opt for the redemption, you must get the proceeds within the stipulated time. And in case you don’t, you must report the concern to the regulatory authority on an immediate basis. Apart from that, if you have investments in the dividend plans, then you must make sure that you are getting the dividends on your mutual funds immediately after the declarations and they are not getting delayed.
Complaint Redressal System
ICICI Mutual Funds provide the best after-sale solutions to the clients. Being their investors, you have the right to the complaint about any discrepancies in the services if found, and provide suggestions for improvement.
Accordingly, it is a right as well as the duty of every investor to remain updated of their investments so as to gain maximum possible benefits. ICICI Prudential Mutual Funds provide every solution to the investors which are in their interest. You must opt for the plans of fund houses like ICICI MF if you wish to have safe investments in India.
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