Shashi Money

SBI AMC We now have a Self Service Facility for investors to modify their existing KYC. Irrespective of KRA or current KYC status. Aadhaar OTP will be needed. https://online.sbimf.com/update-details/modify-kyc The KYC update can be done online/remotely using this method with Video KYC. We need the following documents, access. 1. IDENTITY PROOF - Scanned copy of PAN Card (Front side), PAN DigiLocker 2. ADDRESS PROOF - Scanned copy of Accepted Documents - Driving License (Front and Back side) Voter ID (Front and Back side) Passport Aadhaar DigiLocker 3. Signed Cancelled cheque - Account holder name should match the investor name. 4. SIGNATURE SCAN - Image of your signature on plain paper to be kept ready. 5. WEBCAM & MIC - Your device should have camera and microphone for taking a small video. Nippon AMC KYC online modification This can be used only by customers who have existing folios in Nippon AMC  Follow the below steps: Visit mf.nipponindiaim.com      ->  

 https://cafemutual.com/news/industry/30198-dealing-with-on-hold-kyc-issue  

A merger of mutual fund schemes does not induce any tax liability for an investor. Investors are liable to taxation only when they make a redemption. So if you would have decided to stick with the new scheme, your investment must have automatically transferred to the new scheme and there is no tax liability. You will be taxed when you redeem your mutual fund. For the purpose of calculating capital gains at that time, the original date of purchase and cost (of the old scheme) is considered. Source: https://www.valueresearchonline.com/stories/51029/do-mutual-fund-scheme-mergers-put-an-extra-tax-burden-on-investors/   Further Reading:  https://economictimes.indiatimes.com/wealth/tax/how-to-calculate-long-term-capital-gains-on-equity-mutual-funds-after-re-categorisation/articleshow/63909130.cms https://www.livemint.com/Money/ftVNz3QiwpqVgH68PdZYnL/Mutual-fund-scheme-mergers-wont-put-extra-tax-burden-on-inv.html https://www.financialexpress.com/money/mutual-funds-redeemed-mutual-fund

MFU Physical PayEezz form is useful if client does not have Internet Banking or Debit card. Most of the common questions about the physical mandate are explained in detail here: https://www.mfuindia.com/PayEezzFAQ Instructions to fill PayEezz form: https://www.mfuindia.com/PayEezzInstruction Application submission centers - All CAMS, Kfintech centers - https://www.mfuindia.com/MFUPOS 

To register with MFU, you can Signup online on this page - https://www.mfuindia.com/Distributors MFU offers free Basic, Advanced training to users, every week as seen below. I can also help you with quick demo or troubleshooting when you start using MFU. Reach out to me via LinkedIn message, if you need help.

https://www.mfuindia.com/USA-CANADA_Residents