| FAQs |
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Q) How will TBSPL manage my money?
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Q) What is TBSPLs interest into this advice?
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Q) In case I wish to make any changes to the portfolio recommended by TBSPL, can I do that?
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Q) Do I need to have Netbanking activated in my existing bank account?
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Q) What is KYC?
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Q) Why do I need to be KYC complied?
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Q) What are the transaction charges?
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Q) Once I have invested, who will manage my portfolio?
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Q) Why invest in Mutual Funds?
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Q) Why should I invest through TBSPL, when I can directly invest in Mutual funds by going to their office or through MF's website?
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Q) How will TBSPL manage my money?
A) Based on the information provided by you, like the time period left for your goal and the risk appetite, we would be suggesting you a portfolio of mutual funds. Once agreed by you, the funds are invested into those funds. The performance of the funds are being constantly reviewed and we would suggest any changes to be made into the portfolio as and when we feel its required. |
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Q) What is TBSPLs interest into this advice?
A) In case of Advisory clients - Since we would be recommmending you a portfolio and reviewing the same on a constant basis, we charge an advisory fees of 2% on the investment amount from you. Apart from the fees that we charge you, on an average we get a upfront commission of 0.4-0.5% and an annual trail commission of 0.5-0.6% p.a.(till the time money remains invested) from the Mutual Fund.
B) In case of non-advisory clients - On an average we get a upfront commission of 0.4-0.5% and an annual trail commission of 0.5-0.6% p.a.(till the time money remains invested) from the Mutual Fund. |
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Q) In case I wish to make any changes to the portfolio recommended by TBSPL, can I do that?
A) You may make changes to the recommended portfolio, but in that case, you will have to manage the portfolio by your own. We will not be able to advise and review your portfolio. Any purchase , redemption, switch will have to be decided by you only. We will be only facilitating the transaction. Since we wont be providing any advisory services, we will not charge any advisory fees. |
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Q) Do I need to have Netbanking activated in my existing bank account?
A) Yes, in order to invest in online and in the Goal based ivestment products, you need to have you Netbanking and fund transfer facility activated in your bank account. |
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Q) What is KYC?
A) KYC is an acronym for "Know your Client", a term commonly used for Client Identification Process. SEBI has prescribed certain requirements relating to KYC norms for Financial Institutions and Financial Intermediaries including Mutual Funds to 'know' their clients. This would be in the form of verification of identity and address, financial status, occupation and such other personal information. Applicant must be KYC compliant while investing with any SEBI registered Mutual Fund. |
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Q) Why do I need to be KYC complied?
A) With effect from 01 January 2011, investor investing in mutual funds would be required to complete the KYC process irrespective of amount. Guidelines issued by Securities and Exchange Board of India under The Prevention of Money Laundering Act, 2002 ("PMLA") requires Mutual Funds to follow enhanced know your client (KYC) norms. |
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Q) What are the transaction charges?
In case of SIP costs include:
a) Advisory Fees
b) Mandate Cost (One Time) - Rs. 17 Inclusive of Service Tax.
c) Transaction Cost (For Every SIP Installment) - Rs. 6 Inclusive Of Service Tax.
In case of SIP costs include:
a) Advisory Fees
b) Transaction Cost is Rs. 15/- per transaction
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Q) Once I have invested, who will manage my portfolio?
A)If you are a Self service investor, you will have to manage your portfolio by yourself. You will have to take calls of buying and selling by yourself.
If you are a "Advisory Services" clients we will be managing you portfolio on regular intervals. The portfolio will be reviewed once in a year. |
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Q) Why invest in Mutual Funds?
Professional management of money by expert fund managers.
Diversification of risk across asset classes, sectors, stocks.
Low cost. Since the mutual funds buy & sell stocks or bonds in bulk quantities, they achieve economies of scale in terms of lesser brokereage fess, which the retail investors do not enjoy.
Liquidity: Unless they have a pre-specified lock-in, your money will be available to you anytime you want, typically in a couple of days. It can also be directly transferred to your bank account.
Why should I invest through TBSPL , when I can directly invest in Mutual funds by going to their office or through MF's website? |
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Q) Why should I invest through TBSPL, when I can directly invest in Mutual funds by going to their office or through MF's website?
A) Since there aren't any account Opening charges for our online account and you need not pay any brokerages on transactions, you get all the benefits of investing directly with a Mutual fund , plus you get many more benfits as mentioned on the webpage of Self service online account at the same cost (weblink to self service online account). |
