• What are Mutual Funds?

    Mutual Fund is an assurance that pools the reserves of a no. of investors who have common financial goal; reserves can be in the form of shares, securities, debt, money market equities or a mixture of these. The securities are competently managed on part of unit-holders, and every investor hold a pro-rata division of the total invested portfolio i.e. characterized to any profits while some of the securities are sold, although can also be subject to any loss in the value. The income acquired through these types of investments and the appreciation of funds is united by its unit owner in proportion to the number of units owned. Therefore, a Mutual Fund shall be the most convenient investment option for a common man as it gives a chance to invest in completely diversified, expert managed basket of securities at comparatively low cost.

  • Do I have to pay taxes on Mutual Fund withdrawals?

    For withdrawals within 1 year of investing, STCG tax is payable at 15%. For withdrawals after twelve months of investing, 10% LTCG tax is payable when the capital gain is more than Rs. 1 Lakh. (This will be different for Equity mutual funds and Debt Mutual Funds- for equity mutual funds the above statement is correct but for debt funds it will be different- For debt funds: For withdrawals within 3 years of investing, tax on profits will be as per applicable tax slab and post 3 years it will be 20% after indexation) No tax on dividend in the hands of investor.

  • Which all investors can invest their money in Mutual Funds?

    Residents - Indian Companies, Charitable Institutions/ Indian Trusts, Banks, Non-Banking Finance Companies, Provident Funds, Banks, Individuals (HNIs/Retail Investors/Small Investors), Non-Residents, Non-resident Indians (NRIs), Other Corporate Bodies (OCBs), Foreign Entities, FIIs registered with SEBI

  • What entities are involved in proper functioning of a Mutual Fund?

    For a Mutual Fund, it is necessary to be registered with the Securities and Exchange Board of India (SEBI). Following entities are involved in proper functioning of a Mutual Fund:Trust, Sponsor,Asset Management Company,Custodian,Registrar and Transfer Agent,Fund Manager,Distributor,Collecting Banker,Fund Accountant

  • Who is a Fund Manager?

    They calculate the NAV simply by collecting the information from the each scheme by going through their assets and liabilities. (not proper) (for e.g. What is a Fund Manager: A fund manager is responsible for implementing a fund's investing strategy and managing its portfolio trading activities. A fund can be managed by one person, by two people as co-managers, or by a team of three or more people. Fund managers are paid a fee for their work, which is a percentage of the fund's average assets under management (AUM).

  • Is it safe to invest through Aum Securities?

    Yes, it’s safe to invest through Aum Securities because we are in compliance with rules and regulations under the guidance of AMFI and mutual funds investments are in electronic form where your holdings are safe and secure.

  • Why do you need SMS permission?

    SMS access allows us to automatically track your expenses for you reading the transaction messages you receive from merchants and banks. We do not access your personal messages which is received from a 10 digit mobile number. Also, Aum Securities will never give out your data to any third parties.

  • Can Aum Securities access my email?

    Not at all. Aum Securities does not have this level of access. There is no way we can view, edit or manage absolutely anything in your email.

  • Is my information secure?

    Yes,Aum Securities has bank grade security integrated to always protect your information. We use advanced encryption techniques for your information and we take extra security measures to protect your information. Our internal systems are constantly audited and approved by independent auditors who work with the established and reputed banks and NBFCs.

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