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.

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.

Once you are Registered for Investment Services Account, you can start placing orders to buy/sell MF through the phone banking and net banking services offered by HDFC Bank. You will have to login with CUST ID and Internet Password to place orders for Mutual Funds on the website. Cut-off Time on Net-Banking Channel for Same Day NAV for Mutual Fund transactions will be 1 p.m. Investing through Phone Banking. You can also call on our Toll Free No.

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.

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.

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.

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.