Investors may register multiple bank accounts and indicate the default account into which the redemption proceeds should be paid.
An individual investor can register upto 5 bank accounts with a mutual fund and a non-individual investor can register upto 10 bank accounts.
The minor, upon attaining the status of major, is required to provide all the KYC details, updated bank account details, including cancelled original cheque leaf of the new account.
An investor can register the power of attorney (PoA) either at the time opening a fresh mutual fund folio or in his existing mutual fund folio.
The PoA document must carry the signature of the designated PoA holder. PoA without signature of PoA holder is not accepted.
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