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I HAVE GIEVEN A CHEQE FOR A MUTUAL FUND BROKER IN FEVER OF FUNDS NAME AND I HAVE NOT RECEIVED ANY DOCUMENT FROM THAEM AFTER FIVE DAYS HAS GONE I JUST HAVE XEROX OF MY GIVEN CHEQE. PLEASE SUGEST ME.

2006-12-17 21:30:20 · 2 answers · asked by Lord Of Noesis 1 in Business & Finance Investing

2 answers

Normally when you buy a mutual fund through your agent/broker the broker deposits your form with the cheque given by you with the scheduled office/bank of the Mutual fund company. The Bank/Office of the MF Company issues a counter foil of the application form as acknowledgement. Any query regarding that MF is to be done by the Application form number.
It is advisable to keep a xerox of the application form and the cheque for the reference.
Your broker/agent will give you the forms counterfoil normally in a week time.(If your MF is a NFO then just by the closing date of the NFO)
Regarding receiving of documents from Mutual fund company it takes 20-30 Days.
I hope u would be well satisfied by the above.
THANKS

2006-12-18 02:52:14 · answer #1 · answered by AVANISH JI 5 · 0 0

Don't worry..

I hope u have given cheque with fund name mentioned on it..
Also u can ask from Ur agent the following:

1. Copies of forms, common application forms
2. Acknowledge slip

2006-12-18 11:53:01 · answer #2 · answered by Yahoo User 1 · 0 0

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