Only Mutual Funds that are bought (purchased) through the Investment Services Account can be redeemed through this service. Click on the redemption link and then select the Investment Services Account No. from the drop down and the Mutual Fund that you want to redeem. Select the Scheme name and the Amount or number of units of redemption in the next screen keeping in mind the minimum transaction amount.

Click on the link "Sell Now" in the MF Trading section. You will be asked to select from the various mutual fund houses. Select the fund house. You will now see all the schemes available for redemption from the fund house. Select the mutual fund scheme that you wish to sell. After that choose the amount indicated against each scheme. See similar questions...

To invest through NetBanking Log onto www.hdfcbank.com or dial 1-800-22-1006 (toll free) & 022 - 2856 1818 - Dial #6 to invest through PhoneBanking. See similar questions...

No stock market related investments can be termed safe with certainty as they are inherently risky. However, different funds have different risk profile which is stated in its objective. Funds which categorize themselves as low risk, invest generally in debt which is less risky than equity. Anyway, as mutual funds have access to services of expert fund managers, they are always safer than direct investment in the stock markets. See similar questions...

Curently ,this facility is not available. In this facility, you will be able to transfer all your holdings applied through the physical application method onto the online method. However, this facility is not available currently and would be provided shortly. See similar questions...

A new account cannot be opened over the phone. You can apply by Mail or Fax. Application forms can be requested by phone at 1-877-464-5678 or 416-497-6204 between 8a.m. - 8p.m. Monday to Friday, or downloaded from the web site. YES! ING DIRECT Funds distributes a limited number of funds from a select group of well known fund companies. As a Client, you can transfer mutual funds that you already own, from this list of companies, to consolidate your portfolio with ING DIRECT Funds Limited. See similar questions...

Mutual funds involve share dividends, bond interest, and capital gains when investments are sold at a profit. All of these forms of income are added to the fund’s value and the net value per share reflects this on a daily basis. The net value of mutual funds and pooled funds often drops at the end of the year because managers remit a portion of the profits earned during the year to investors in the form of what we call distributions. See similar questions...

No, you cannot purchase mutual fund units in the PIS account. You can only do so in the Non-PIS account. See similar questions...

No, you cannot purchase mutual fund units from the PINS account. You can only do so in the Non-Pins account. See similar questions...

Yes, there are a number of mutual fund schemes which give you fixed monthly income. Further, you can also get monthly income by making a single investment in an open ended scheme and redeeming fix value of units at regular intervals. See similar questions...

Dividend income from mutual fund units will be exempt from income tax with effect from July 1, 1999. Further, investors can get rebate from tax under section 88 of Income Tax Act, 1961 by investing in Equity Linked Saving Schemes of mutual funds. Further benefits are also available under section 54EA and 54EB with regard to relief from long term capital gains tax in certain specified schemes. The above statement is partially true. See similar questions...

No. With effect from 1st October 1998, units of a mutual fund gifted by unitholders are no longer chargeable to Gift Tax. See similar questions...

The securities in a UIT are professionally selected to meet a stated investment objective, such as growth, income, or capital appreciation. UITs employ a "buy-and-hold" investment strategy: once the trust's portfolio is selected, its securities typically will not be sold or new ones bought, unlike mutual funds. See similar questions...

A mutual fund is a trust that pools the money of several investors and manages investments on their behalf. Legally it is like any other company you know of. Hence, the fund is also called a mutual fund company. The fund company takes your money and like you from other new investors. This is added to the money that's already invested with the fund. Some investors see asset size as an indicator of popularity. A scheme with large assets could be subscribed to by large number of unitholders. See similar questions...