Investment Readiness
- What is Investment Readiness and why is it required?
In addition to KYC details, SEBI mandates following details for investments in mutual funds.
- Bank Account Details
- Nominee Declaration
- FATCA Declaration
- Signature
- Email & Mobile
Once these details are shared and verified, you will be considered investment ready.
- Bank Account Details
- Nominee Declaration
- FATCA Declaration
- Signature
- Email & Mobile
Once these details are shared and verified, you will be considered investment ready.
- How is my Bank Account Verified?
- What is FATCA?
We required only bank account details:
- Bank Account Number
- Account Holder Name
- IFSC Code & Branch details
- Bank Account Number
- Account Holder Name
- IFSC Code & Branch details
Due to an Act in the US called the Foreign Account Tax Compliance Act (FATCA), all financial institutions need to report financial transactions of US persons to relevant tax authorities. Indiafundbazaar requires a FATCA Declaration from its users to to prevent tax evasion through offshore investments that some US residents may have.
- What does nominee registration mean?
Nominee Registration facilitates easy transfer of funds in the event of demise of an investor. Your nominee can be a family member, friend or any other person you trust.
- What will be sent to my communication details?
- Unable to receive the OTP on my phone number
All communication from Indianfundbazaar & AMCs will be sent here. These include details about AutoPay, Payment status, investment confirmation, account statements, etc
Please ensure you have mobile network connection while triggering the OTP to your number. If you still do not receive an OTP, you can try resending the OTP.