The following are mandatory fields : - Investor status in terms of resident/non-resident, - Details of bank account, - Complete address of first holder, - Date of birth and guardian details for minors, - PAN details, - Signature of applicants.
A transaction slip has the pre-printed folio number to identify the investor in the system.
The transaction slip is designed to capture multiple transaction type requests. Investors use it for carrying out redemptions, additional purchases, switches and even non-financial transactions such as change of address or change of bank details. It has to be signed according to the mode of holding of the folio, to be valid.
Most AMCs provide transaction slip as a counterfoil to the account statement sent to the investor. The transaction slip has the folio number and account number of the investor, preprinted. An investor can either use a pre-printed transaction slip form or he can use a blank transaction slip, which is available with AMC branches, distributors and ISCs and write the folio number in the space provided.
An existing investor may decide to make additional purchases under a new folio. This will be considered as fresh purchase.
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