Frequently asked questions

We're so glad you asked - it is a great decision to start an SIP! This disciplined way of investing regularly helps you aim to build wealth, step by step, over a long period of time. You can start with as little as Rs.100 per instalment and try to benefit from the power of compounding & cost averaging.

Watch this video or follow the below steps to start your SIP with us. Of course this means you are KYC compliant. If not, click here.

Please follow the below steps to register a SIP if you are using the website:

1. Log in or Create an Account
2. Click ‘New Transaction’ and select ‘Purchase or SIP’
3. Click on ‘Use an Existing Folio’ or ‘Create a new Folio’
4. Add Scheme and click on ‘Continue’
5. Add Amount, Frequency, Instalment Date, SIP Tenure and click on ‘Continue’
6. Click on ‘Make Payment’
7. Specify plan & Distributor details

Register for eNACH or One Time Mandate (one-time online registration process that will enable you to invest with DSP / register a SIP digitally.)

If eNACH/OTM is already registered in the folio, follow the below steps:

8. Select OTM/eNACH Bank and click on ‘Review Details’
9. Review investment details and click on ‘Confirm SIP’

If eNACH/OTM not registered in the folio, follow the below steps:

10. Click on Register an OTM (eNACH)

11. Enter Frequency, Start and end date

12. Review the details and click on ‘Confirm’

Follow Steps 8 and 9
Alternatively, you can also start a SIP by submitting the SIP form to any of our branches or CAMS Investor Service Centres near you.

Now is the right time to start- don't wait for markets to fall or rise, as they are unpredictable. So first thing- don't delay.

Remember that SIPs allow you to invest regularly and gradually, with the aim of building wealth in a disciplined manner, over time.

By investing via SIPs, you could benefit whether the markets go up or down. Here’s how this works.

In order to create wealth and have a good investment experience, we strongly recommend remaining invested for a long period of time - while 5 years seems like a good holding period, 10 years or longer is even better. This long-term commitment will mean you won't get worried by short-term volatility and will give your investment a better chance to do well for you over time.

Always remember that there is no 'best scheme' whether at DSP or at another AMC, only the scheme 'right for your objective'.

You need to plan your individualized investment journey based on your personal objectives and risk profile- there is no one-size-fits all approach. What's right for others may not be right for you, so you really would need to speak with an expert mutual funds distributor who can understand your requirements, discuss your risk profile and recommend the right set of products to you.

Please also spend some time understanding the various products in our stable here. This will help you take a better, more informed decision whether you invest directly or via an expert MF distributor.

You can start a SIP in a DSP scheme with as little as Rs.100/- per instalment.

You can choose either a monthly or a quarterly option to start your SIP.

A SIP can be registered for any date in a given month, the choice is yours.

Yes, the minimum number of instalments is 12. Only in DSP ELSS Tax Saver Fund, you can register a SIP of 6 instalments (even though your investment will be locked-in for 3 years since this fund is an Equity Linked Savings Scheme).

If you do not specify the SIP end date on the application form, the SIP will be treated as '‘perpetual'. Which is actually a good thing for most investors- in fact, we recommend this!

There is no entry load for investments in mutual funds. An exit load will be charged for the specific scheme as per the applicable load structure at the time of registering the SIP.

Instead of canceling your SIP, you can choose to pause it with our ‘SIP Pause’ Facility. This allows you to stop SIP installments for a certain period and then restart the SIP again at a later date.

If you still want to go ahead with your SIP cancellation, you can watch this video or follow the below steps to pause your SIP:

• Visit www.dspim.com/invest/
  a) Login or Create your account
  b) Select ‘Systematic Plans’
  c) Select the scheme in which you want to cancel your SIP
  d) Choose Cancel SIP from the dropdown
• Download the DSP Mutual Fund App from the Play Store or from the App Store
  a) Log in
  b) Systematic Plans
  c) Select scheme you want to cancel
  d) Choose Cancel SIP from the dropdown
• Call our contact centre on 1800 208 4499
• Send an email from your registered email ID to [email protected]
• You can also submit SIP Cancellation form at any of our Branches or at CAMS Investor Service Centres.

Yes. You can cancel the OTM online however cancellation will be allowed only if there are no underlying active SIPs linked to that OTM. Please click on eNACH OTM Cancellation to cancel the OTM

Watch this video to see how SIP can be modified online or follow the below:

• Online via www.dspim.com/invest/:
  o Log in or Create your account
  o Systematic Plans
  o Select Scheme
  o Select scheme you want to modify
  o Choose Modify SIP from the dropdown
• Download the DSP Mutual Fund App from the Play Store or from the App Store.
  o Log in
  o Systematic Plans
  o Select scheme you want to modify
  o Choose Modify SIP from the dropdown
• You can also submit a SIP Change form to any of our Branches or at CAMS Investor Service Centres. Additionally, you can modify SIP bank by submitting this form.

For any modification to take place, it should be submitted 10 days prior to the next SIP date except for change of bank which may take up to 30 days.

A SIP Top-Up is an option that allows you to increase your contribution / instalment in a SIP at predetermined intervals by a fixed amount during the tenure of your SIP.

The SIP Top-Up feature helps you start with a small amount and gradually increase the amount you invest with time. This will not only add to your initial principal, but will also help you stay with a long-term, disciplined approach to investing.

You can choose either a half-yearly or a yearly top-up option.

A Top-Up Facility has to be opted-in at the time of your SIP registration.

Watch this video to see how you can do a new SIP Top UP or follow the below steps.

To Login click here or Download the DSP Mutual Fund App from the Play Store or from the App Store

a. Log in or Create an Account
b. Click New Transaction
c. Click Purchase or SIP
d. Click Select or Create a Folio
e. Add Scheme
f. Add Amount, Frequency, Instalment Date, SIP Tenure
g. Add Top-Up details
h. Select Top-Up Frequency (6 months, 1 year)
i. Enter incremental Top-Up Amount
j. Enter the maximum Top-Up Amount
k. Click on Continue
l. Select payment mode
m. Specify plan & Distributor details
n. Review & Confirm SIP

You can also submit SIP Top-Up Form at any of our Branches or at CAMS Investor Service Centres.

Follow the below steps to convert your existing SIP to a Top-Up:
a. Log in
b. Systematic Plans
c. Select scheme you want to make a Top-Up
d. Click on convert to Top-Up SIP
e. Enter Amount, Frequency, Start Date & End Date of the existing SIP
f. Select Top-Up Frequency (6 months, 1 year)
g. Enter incremental Top-Up Amount
h. Enter the maximum Top-Up Amount
i. Click on Continue
j. Review & Confirm SIP Top-Up

You can also submit SIP Top-Up Form at any of our Branches or at CAMS Investor Service Centres.

SIP Pause Facility allows you to pause your SIP installments for a certain period and then restart the SIP again at a later date, instead of cancelling your SIP. The feature helps investors who may have a temporary shortage of funds in their bank account for any reason.

Watch this video or follow the below steps to pause your SIP;

• Visit www.dspim.com/invest/:
o Login
o Systematic Plans
o Select 'SIP Pause' from the drop down of the respective scheme
o Select Date and Number of instalments
o Submit

• Download the DSP Mutual Fund App from the Play Store or from the App Store.
o Main menu
o Go to Systematic Plans
o Select 'SIP Pause' from the drop down of the respective scheme
o Select Date and Number of instalments
o Review and Submit

• Call our contact centre on 1800 208 4499
• Send an email from your registered email ID to [email protected]

• You can also submit a signed SIP Change Request Form at any of our Branches or at CAMS Investor Service Centres.

The detailed terms and conditions for availing this facility are as follows:

• SIP Pause can be for a minimum period of 1 month to a maximum period of 6 months.
• SIP Pause request should be submitted 15 days before the next SIP instalment date.
• The SIP instalment debit will re-start in the month/quarter following the SIP Pause end month.
• SIP pause applications are liable to be rejected in case the details are not proper and clear or in case of incomplete details, non-clarity or ambiguity.
• If the Pause period is coinciding with the Top-Up facility, the SIP instalment amount post completion of Pause period would be inclusive of Top-Up amounts during that Top-Up cycle
• It is possible that an investor’s bank does not stop the SIP debits on the instalment date or delays the processing of the SIP Pause instruction from the AMC or its agents, if he/she has given a separate standing instruction to the bank to debit the account on the specified date. In such cases, one should understand they cannot hold the Fund/AMC/RTA responsible in any manner whatsoever.
• The AMC or the Fund or the Registrar and other related service providers shall not be responsible and liable for any damages or compensation for any loss.

Please make sure that you have added the biller within 7 days of transaction approval. Post biller registration, the confirmation report will be sent to us by your bank within 3-4 working days. Only after we receive this confirmation, the SIP will be activated and post 27 days the first SIP can commence. There could be a delay if there are any bank holidays during this time. Also login to www.dspim.com/invest/ > Log in to your account > Systematic Plans and check the folio whether your SIP is showing cancelled due to Biller not registered.

No, we will not levy any charges. If any charges are levied in your bank account, these would be from your bank and from NPCI (National Payment Corporation of India).

Please note that online SIP cancellation takes 15 working days to process and any SIP instalment falling within that period gets debited post which no further debits will occur.

You can still invest through a "Micro SIP", which is a SIP where the aggregate amount across all instalments during a rolling 12-month period or in a financial year (i.e. April to March) does not exceed Rs. 50,000.

However, you need to be KYC verified by producing any photo identification document, such as Voter Identity Card or Driving license or Government / Defence identification card or Passport or Photo ration card or any other photo ID card issued by the central government / state governments /municipal authorities / government organizations like ESIC / EPFO.

Once your KYC is registered, you can invest by logging on to your account on www.dspim.com/invest/.

A Systematic Transfer Plan or STP is a facility that allows you to invest a lump sum amount in a scheme and regularly transfer a fixed or variable amount from it into another scheme, in a systematic manner. To learn more about STPs, please check this link out.

A STP can completed in several easy ways:

• Log in to www.dspim.com/invest/

1. Log in or Create an Account
2. New Transaction
3. Start STP
4. Select Scheme to Switch out and Switch in
5. Select STP Type, Frequency and Set Tenure
6. Review & Submit

• You may start a STP from our App. Download it from the Play Store or from the App Store.

1. Log in
2. Click on Systematic Plans
3. Start STP
4. Select Switch out & Switch in scheme
5. Enter Amount, Tenure Start Date and Select Plan
6. Continue

• Other ways of registering a STP:
  o Submit STP Registration form at any of our Branches or at CAMS Investor Service Centres.

A STP can be registered either for a fixed amount or for capital appreciation in the source scheme for a minimum amount of Rs.100/- per instalment.

Yes. It is offered in all Schemes, Plans and Options except DSP Liquidity Fund, where is not permitted.

Yes, the minimum number of instalments is 6.

A STP can be registered for any given date of any month.

You can choose from daily, weekly, monthly, quarterly, half-yearly and yearly options to start your STP

An exit load may be charged as per the applicable load structure for the specific scheme when you redeem your investment.

You can cancel your STP by:

• Visit www.dspim.com/invest/
  o Log in
  o Select 'Systematic Plans'
  o Select 'STP'
  o Choose Cancel STP from the dropdown

• Download the DSP Mutual Fund App from the Play Store or from the App Store
  o Log in
  o Select 'Systematic Plans'
  o Select 'STP'
  o Choose Cancel STP from the dropdown

• Other ways of cancelling:
  o Call our contact centre on 1800 208 4499
  o Send an email from your registered email ID to [email protected]
  o Submit STP Cancellation form at any of our Branches or CAMS Investor Service Centres 10 days prior to the next STP date.

You can choose to modify the target scheme, date, tenor and amount by:

Submitting STP Change form at any of our Branches or CAMS Investor Service Centres 10 days prior to the next STP date

Flex STP is a type of STP that allows you to set up a process through which you can automatically invest a higher amount when the markets fall and a lower amount when the markets are rising. This means, the amount transferred as part of your STP will vary (based on a formula that takes into account the previous value of investments already made) on the registered Flex STP date.

The first instalment will be as per the amount specified by you in the FLEX STP Registration form.

From the second Flex STP instalment onwards, the instalment amount shall be the higher amount of the two below:

i. The fixed instalment amount specified by you originally OR
ii. The amount determined by this formula: 'Instalment amount as originally indicated by you' X 'Number of instalments invested' (including current) minus 'Current market value of all instalments paid till now'.

Here is how the 5th instalment amount of your Flex STP for May 7, 2018 will be calculated:

• Let's assume total units allotted up to the date of last instalment i.e. April 7, 2018 = 500 units
• Let's assume latest NAV of DSP Equity Fund on May 7, 2018 = Rs.12 per unit
• Therefore, market value of your investment in DSP Equity Fund till now = Rs. 6,000 [500 units X Rs12]
• The 5th instalment will be the higher of:
  o Fixed amount specified at the time of enrolment = Rs.2000 OR
  o As determined by the formula given above = [(2000*5)- 6,000] or Rs. 4,000

Hence, on May 7, 2018, the instalment amount transferred to the target Scheme will be Rs. 4,000/-

However, in case there is a redemption or switch-out of any units allotted under Flex STP, the balance instalments under Flex STP will be processed for the fixed instalment amount only as specified by the unit holder at the time of enrolment, subject to other terms and conditions available on Page 2 of FLEX STP Registration form.
You can submit it at any of our Branches or CAMS Investor Service Centres.

A Flex STP can be registered with a minimum amount of Rs.100/- per instalment.

Yes, Flex STP is offered in all Open Ended Schemes, Plans and Growth Option except DSP Liquidity Fund.

A Flex STP can be started for a minimum of 6 instalments in daily, monthly or quarterly frequencies. In case of daily frequency, the minimum period will be 6 days and the maximum period shall be one year.

A Flex STP can be registered for any given date of any month.

You can choose daily, monthly, quarterly option to start your FLEX STP.

A Value STP, is a facility where Unit holder(s) of designated scheme(s) of the Fund can opt to systematically transfer amount(s), which may vary based on the value of investments already made/transferred under this facility, on the registered Value STP date. This facility also includes a feature of ‘Reverse Transfer’ from Switch In scheme into the Switch Out, in order to achieve the Target Market Value on each transfer date.

You can register a Value STP by submitting Value STP Registration form at any of our Branches or CAMS Investor Service Centres.

To know more about this facility, please refer instructions available on page 2 of Value STP Registration form.

A Value STP can be registered for a fixed amount in the source scheme for a minimum amount of Rs.100/- per installment.

A Value STP is offered in all Open Ended Schemes, Plans and Growth Option (DSP Liquidity Fund & DSP ELSS TAX Saver Fund)

A Value STP can be started with a minimum of 6 installments.

A Value STP can be registered for these dates in a month: 1, 5, 7, 10, 14, 15, 20, 21, 25, 28.

SWP, or Systematic Withdrawal Plans can be used to redeem your investment from a mutual fund scheme in a phased manner.

Unlike lump sum withdrawals, SWP enables you to withdraw money in instalments. It can be thought of as the opposite of SIP. In SIPs, you channel your savings into a preferred MF scheme. In SWP, however, you channel your investments from the scheme back to your savings account.

Effectively, Systematic Withdrawal Plans allow you to customise the cash flow as per your requirements. You can also choose to either withdraw just the ‘profits/ gains’ or a fixed amount per instalment (minimum Rs.100). This way, you will not only have your money invested, but you will also be able to access regular income. The money that you withdraw can be used to subsequently reinvest in some other fund or be utilized as per your needs.

You can register SWP by:

1. Log in to www.dspim.com/invest/
   a. Log in or Create an Account
   b. Click New Transaction
   c. Start SWP
   d. Select Scheme to redeem from
   e. Select Withdrawal Amount, Frequency & Tenure
   f. Review & Confirm

2. You can also start a SWP from our App. Download it from the Play Store or from the App Store.
   a. Log in
   b. Click on Systematic Plans
   c. Start SWP
   d. Select Scheme to redeem from
   e. Select Withdrawal Amount, Frequency & Tenure
   f. Review & Confirm

3. You can also start a SWP by submitting this Branches at any of our Branches : blank_ or CAMS Investor Service Centres.

Yes, SWP is offered in all Schemes, Plans and Options.

Yes, the minimum number of instalments is 6.

A SWP can be registered for any given date of any month.

You can choose a monthly, quarterly, half-yearly or yearly option to start your SWP.

An exit load may be charged as per the applicable load structure for the specific scheme when you redeem your investment.

You can cancel your SWP in the following ways

1. Visit www.dspim.com/invest/
   a) Log in or Create your account
   b) Select ‘Systematic Plans’
   c) Select the scheme in which you want to cancel your SIP
   d) Choose Cancel SWP from the dropdown
2. Download the DSP Mutual Fund App from the Play Store or from the App Store
   a) Log in
   b) Systematic Plans
   c) Select scheme you want to cancel
   d) Choose Cancel SWP from the dropdown
3. Call our contact centre on 1800 208 4499
4. Send an email from your registered email ID to [email protected]
5. Submit the SWP Cancellation form at any of our Branches or CAMS Investor Service Centres 10 days prior to the next SWP date.

You can choose to modify your SWP by:
• Calling our contact centre on 1800 208 4499
• Submit the SWP Change form at any of our Branches or CAMS Investor Service Centres 10 days prior to the next SWP date.

A Fixed Withdrawal Plan is an extension of the Systematic Withdrawal Plan facility. This allows you to redeem a fixed percentage of the invested amount periodically on pre-determined dates.

For eg: If you invested Rs.1 lakh in a mutual fund scheme (in which FWP is possible) and indicated that you wanted to withdraw a fixed %age of 0.75% every month from your investment the monthly withdrawal amount will be Rs.750 (0.7% of Rs.1 Lakh).

Yes, the minimum amount required to register a FWP is Rs. 1 lakh and the minimum withdrawal percentage is 0.75% of the amount.

You can register a FWP by submitting FWP Registration form at any of our Branches or at any CAMS Investor Service Centres.

A FWP is available on 10th or 25th of every month.

No. FWP is only available in the Growth option of DSP Credit Risk Fund, DSP Dynamic Asset Allocation Fund, DSP Equity & Bond Fund and DSP Regular Savings Fund.

You may change your bank account using the using the DSP App or by visiting www.dspim.com/invest/.

Please follow the below steps if you are using the website:

1. Log in to your account
2. Click on Folios
3. Select the folio in case of multiple folios
4. Click on Add / Change Bank Account
5. Then select ‘Change Bank Account’ OR ‘Add Bank Account’
6. Enter bank details as per cheque copy
7. Upload cheque of the new bank account and click on ‘Validate’
8. Enter OTP
9. Click confirm

Alternatively, you may submit the physical form to any of our branches or CAMS Investor Service Centres near you.

If you are a MF Distributor and looking to initiate a purchase on behalf of your investor, you may do so using our IFAXpress App or the IFAXpress website www.dspim.com/ifaxpress.

1. Change of Bank Form
   Any one of the below documents:
2. Original Cheque leaf of Old Bank Account and New Bank Account .
3. Copy of the Pass Book for the old and new bank account (not older than 3 months) along with original passbook for verification or copy attested by the Bank which is not older than 3 months** .
4. Copy of the Bank Statement for the old and new bank account (not older than 3 months) along with original bank statement for verification or copy attested by the Bank which is not older than 3 months**
5. Original Bank Letter / copy attested by the bank (not older than 3 months) stating the closure of old account**

**Bank Letter / Attestation - Bank Letter or attestation should have bank manager's signature, name, designation, employee code, bank seal and contact number. In case the documents are older than 3 months, the same should be attested by the Bank again.

In the absence of originals / copy / bank attested documents of the old and new bank, the investor will need to visit DSP or CAMS ISC branches for an In Person Verification [IPV] along with the ORIGINAL PAN / Photo Identification proof and new bank documents.

Individuals, HUFs, Sole Proprietor firms can register up to 5 banks and Non-Individuals can register up to 10 banks in a single folio.

Bank details can be added online on our DSP app or website.
If you are using the app or website:

1. Log in
2. Click on Folios
3. Click on Add/Change Bank Details
4. Click on Add Bank Details
5. Enter Bank Details
6. Enter OTP
7. Click on Confirm

Alternatively, you can submit a Multiple Bank Account Registration Form to any of our branches or CAMS Investor Service Centres near you along with

• Old bank proof in ORIGINAL (either Cheque or Passbook) of any of the existing banks. In case you do not have ORIGINAL old bank proof, then you would need to visit the nearest DSP branch or CAMS Investor Service Centre for 'In Person Verification' (IPV) along with original PAN / Photo Identification proofs.
• New bank proof in ORIGINAL (either Cheque or Passbook)

The redemption and dividend proceeds will be transferred to your 'Default' bank account.

You can submit a Multiple Bank Account Registration Form to any of our Branches

You can delete your bank account only if more than one bank account is registered in the folio. You must have at least one registered bank account in the folio as it is mandatory for redemptions and dividend payouts.

You may change your email ID/ mobile number using the DSP App or by visiting www.dspim.com/invest/.

Please follow the below steps if you are using the website:

1. Log in to your account
2. Click on Folios
3. Select the folio in case of multiple folios
4. Go to Contact Details – Click on Edit
5. Enter the new mobile number/email address
6. Mention who the email id/mobile number belongs to
7. Click on ‘Verify the mobile number’ / ‘Verify the email id’
8. Enter OTP
9. Click on Update

Alternatively, you can send us an email from your registered email ID to [email protected].

If neither your email ID nor your mobile number are updated in our records or if you wish to update both of them together, you will need to submit this form to any of our branches or at any CAMS Investor Service Centres near you.

The Finance Act, 2020 has abolished Dividend Distribution Tax (DDT) where tax was paid by the mutual fund before declaring the dividend and dividends were tax-free in the hands of unit holders.

From April 1, 2020 any dividends declared have become taxable in the hands of the unit holders.

Mutual funds are now required to deduct tax at source ('TDS') on the dividend amount at prescribed rates. This is applicable only to individual investors, to all categories of mutual funds and for all dividend options.

The exemption level is set at Rs. 5,000 per financial year. TDS will be deducted where the dividend amount exceeds Rs. 5,000 in a given financial year.

For record dates between April 1, 2020 and May 25, 2020

TDS was deducted on all dividend amounts where the dividend amount was Rs. 1/- and above.

For effective record dates post May 26, 2020:

• Dividends will be cumulated at PAN / PEKRN level and TDS will be deducted only when the cumulative dividend amount crosses Rs. 4,000/- for a given financial year
• No TDS will be deducted if the total dividend does not exceed Rs. 4000/-

Section 194K provides for deduction of TDS when the dividend amount in a Financial Year exceeds Rs. 5000. To avoid shortfall in deduction of TDS, the threshold for TDS deduction has been kept at Rs. 4000 beyond which TDS will be deducted.

Let us understand with an example as to why the threshold is Rs. 4000

• The dividend from April 2021 to Nov 2021 cumulates to Rs. 4900 for which no TDS is deducted and the entire Rs. 4900 is paid to the investor or re-invested. Let us assume the next dividend is declared in December 2021 for which the payout would be Rs.200. Now the total dividend for the financial year would have exceeded Rs. 5000 (Rs.4900 + Rs.200). With TDS @ 10% on Rs. 5,100, Rs. 510 will have to be deducted from the dividend payable to the investor. In this case the deduction of Rs. 510 will not possible to be deducted as the dividend amount is only Rs 200. This will create a shortfall in deduction of TDS.
• Considering scenarios like these, the threshold has been kept to Rs. 4000.

Unitholders less than 60 years of age need to submit ‘Form 15G’ before the start of the Financial Year if they are expecting their tax liability for the year to be Nil.

Senior citizens (aged 60+) need to submit 'Form 15H' before the start of the Financial Year if they are expecting their tax liability for the year to be Nil.

These forms are valid for one year only and need to be resubmitted to DSPMF every year.

Yes, a TDS Certificate will be issued on a quarterly basis after the TDS return is filed by the Fund. The TDS amount will also reflect in your Form 26AS at the Income Tax return e-Filing Portal.

You can update the Form 15G & 15H in your folio online through www.camsonline.com

1. Click on Service for Investors
2. Click on Service-requests
3. Click on Form 15G/H
4. Enter Investor Pan
5. Enter OTP
6. Enter Form Type (15G or 15H)
7. Enter AMC & Folio Details
8. Enter Income Details
9. Click on Register Form 15

Alternatively, you can also send an email along with a scanned and signed image of Form 15G or 15H to [email protected].

You can also submit a physical Form 15G & 15H to any of our branches or at any CAMS Investor Service Centres near you.

You may register a nominee using the using the DSP App or by visiting www.dspim.com/invest/.

Please follow the below steps if you are using the website:

1. Log in to your account
2. Click on Folios
3. Select the folio in case of multiple folios
4. Go to Nominee Details – Click on Edit
5. Mention Nominee Details [ You can register upto 3 nominees]
6. Confirm Contact Details and click on ‘Continue’
7. Enter OTP and click on ‘Continue’

Alternatively, you may submit a Nomination Form to any of our branches or CAMS Investor Service Centres near you.

Yes. You can change the nominee following the same process as when you set a nominee for the first time. The new nomination will replace the existing nominee in the folio.

You can register upto three nominees. You can also assign the percentage allocation to each nominee. If no percentage is mentioned, all nominees will get equal weightage.

Nominations can be registered by Individuals and sole proprietors.

Non-individuals including a Society, Trust, Body Corporate, Partnership Firm, Karta of Hindu undivided family, a Power of Attorney holder and/or Guardian of Minor unitholder Holder of Power of Attorney (POA) cannot nominate.

Nominees can be:

• An Individual
• A minor
• Central Government, State Government, a local authority; any person designated by virtue of his/her office
• Religious or charitable trust
• An NRI subject to the exchange controls in force from time to time

Yes. Nomination or opting out of nomination is mandatory.

Please refer the SEBI guidelines on nomination
SEBI Circular

Please inform us in case you were close to the unitholder. You can do so by the following process. Refer to the Transmission Documents Matrix for a list of the required documentation. You may submit the forms to any of our branches or CAMS Investor Service Centres near you.

If you are KYC Compliant: You will need to update your address in KYC records. Please submit a CKYC Form to any of our branches or CAMS Investor Service Centres near you.

If you are not KYC Compliant: You will need to complete your KYC process. It can be done online at invest.dspim.com

1. Get KYCed
2. Enter PAN, Name
3. Enter Email & Mobile
4. Verify Details
5. Upload image of PAN & Address Proof
6. Enter Personal Details & FATCA
7. Upload Signature
8. Complete the Photo Verification & Video Recording
9. Submit

Alternatively you may submit CKYC Form for Individual at any of our Branches or at any CAMS Investor Service Centres near you.

Non-Individuals will have to re-do the KYC formalities in case there is a change of address. You can submit this KYC form.

Copies of all required documents must be self-attested and accompanied by originals for verification. If originals are not produced, copies should be attested/ verified by authorized entities as per KYC guidelines.

Once the address is updated in your KRA records, it will automatically be updated in the folio.

Please send us an email from your registered email ID to [email protected] or call us on 1800 208 4499 from your registered mobile number.

A power of attorney is a legal document giving a person an authority to act on someone else’s behalf. It gives rights to operate their folios and conduct transactions.

Yes. The POA must be executed on stamp paper and registered in India.

A notarized copy of POA can be submitted along with the purchase application. Alternatively, you may add it later by submitting a Transaction form and a notarized copy of the POA.

The documents required for POA registration are:
• KYC acknowledgement of POA holder
• FATCA details (If POA is a Non Individual)
• FATCA details (If POA is Individual).

Yes, you can. Please send an email from your registered email ID to [email protected] to remove the POA from your folio.
Alternatively, you may submit a letter at any of our Branches or at any CAMS Investor Service Centres near you.

All your investments scattered across multiple folios can be consolidated by submitting a Consolidation Form which you can submit at any of our Branches or at any CAMS Investor Service Centres nearest to you.

Consolidation can occur only if all of the details below are identical in the folios:
• Names of unit holders
• Order of unit holders
• Tax status

Please also make sure that the following are completed before you submit the request to consolidate:
• The form is signed by all unit holders according to the mode of holding updated in the folio.
• KYC is registered for all the holders.

You can mention any folio as the Target folio. However, the mode of holding, bank mandate, address and nominations details in the Target Folio will be applicable and will prevail after consolidation even if they were different in source folios.

You may do so by submitting a Change of Name form along with the following required documentation at any of our Branches or at any CAMS Investor Service Centres near you.

• KYC – KRA Acknowledgement with New Name, OR
• KYC Change Details Form, with following documents (OR full KYC to be done with all documents, if KYC not done earlier)
• PAN card copy in New name / Photo identity proof for PAN exempt cases. [Self attested]
• Marriage Certificate / Divorce Deed / Gazetted copy of name change, copies duly attested.

The mutual funds industry regulator, SEBI, has made KYC (Know Your Customer) mandatory for all the holders in a folio. This means a transaction request will not be processed if KYC is not updated for all the unitholders in the folio.

You may submit the Change of Signature form at any of our Branches or at CAMS Investor Service Centres along with:

• In-Person Verification (IPV) at DSPIM Offices
• PAN card copy /Attested photo identity proof for PAN
exempt cases [Self attested]. Bring Original for verification.
• KYC Form (if KYC not done earlier)

The mutual funds industry regulator, SEBI, has made KYC (Know Your Customer) mandatory for all the holders in a folio. This means a transaction request will not be processed if KYC is not updated for all the unitholders in the folio.

You can submit the Minor to Majority Form at any of our Branches or at CAMS Investor Service Centres along with the following documents:
• KYC acknowledgement
• Signature attestation by a Guardian / Banker
• Original cheque with name and account number pre-printed

Change of Guardian form can be submitted at any of our Branches or at CAMS Investor Service Centres along with the following documents:

• KYC of the new Guardian
• No Objection Letter (NOC) or Consent Letter from existing guardian or Court Order for new guardian
• Relationship Proof
• Bank attestation of the bank account of the minor where the new guardian is appended
• Notarized copy or attested copy of the Death Certificate of the deceased guardian

Please note, the new guardian must be a natural guardian (i.e. father or mother) or a court appointed legal guardian.

Please submit a Request letter/ Mode of Holding Form with all unitholders' signatures at any of our Branches or at CAMS Investor Service Centres.

The mutual funds industry regulator, SEBI, has made KYC (Know Your Customer) mandatory for all the holders in a folio. This means a transaction request will not be processed if KYC is not updated for all the unitholders in the folio.

The default mode of holding will be "Joint".

Addition of joint holder is not possible with DSP Mutual Fund.

To update your tax status, you need to submit these documents at any of our Branches or at CAMS Investor Service Centres:

• Change in Tax Status Form
• Original cancelled cheque with preprinted Name & Account number of the new bank account

Also note that if there is a change of tax status from Individual to NRI, we can update the same only if the new bank mandate is an 'NRO Account' as the investments had originally come from Savings or NRO account.

The mutual funds industry regulator, SEBI, has made KYC (Know Your Customer) mandatory for all the holders in a folio. This means a transaction request will not be processed if KYC is not updated for all the unitholders in the folio.

You can do this by opting for the IDCW Transfer Plan (Earlier known as Dividend Transfer Plan) facility. This facility lets you automatically invest or transfer the IDCW declared in a scheme in which you invested (source scheme) into another scheme of your choice (target scheme) without any effort on your part.
The minimum amount of IDCWs eligible for transfer under is Rs.100. If the IDCW is less than Rs.100, the IDCW will be automatically reinvested in the source scheme itself.

You can register for IDCW Transfer Plan in the following ways:
• Visit dspim.com/invest/
• Download our App from the Play Store or from the App Store
• Submit the IDCW Transfer Plan Registration form at any of our Branches or at any CAMS Investor Service Centres.

You can cancel your IDCW Transfer Plan in the following ways:
• Visit dspim.com/invest/
• Download our App from the Play Store or from the App Store
• Send an email from your registered email ID to [email protected]
• Submit IDCW Transfer Plan Cancellation form at any of our Branches or at CAMS Investor Service Centres.

Lien can marked on either full or partial units by submitting these documents at any of our Branches or at CAMS Investor Service Centres. To mark a lien on mutual fund units:

• Lien Marking Request from Investor & Financer
• Board Resolution + Authorized Signatory List (in case the investor is non-individual)
• Board Resolution + Authorized Signatory List of Financer

The mutual funds industry regulator, SEBI, has made KYC (Know Your Customer) mandatory for all the holders in a folio. This means transaction requests will not be processed if KYC is not updated for all the unitholders in the folio.

Yes, you can but only on clear units on which the 3-year lock in period has been completed.

A lien can be removed by submitting a lien removal letter from the financier clearly specifying the scheme and unit details. The request can be submitted at any of our Branches or at CAMS Investor Service Centres.

A lien invocation letter should be submitted by the Financier with an updated Authorized Signatory List at any of our Branches or at CAMS Investor Service Centres.

The redemption will be processed after verifying the documents and payment will be made to the financier as per the bank mandate provided in the Lien Invocation letter.