Eligibility for Investments in Mutual Funds

The following persons are eligible and may apply for subscription to the Units of the Scheme's) of Mutual Fund (subject, wherever relevant, to purchase of units of mutual funds being permitted and duly authorized under their respective constitutions, charter documents, corporate / other authorizations and relevant statutory provisions etc)  

1.       Indian resident adult individuals either singly or jointly

2.       Minor through parent / lawful guardian

3.       Non-resident Indians (NRIs)/ Persons of Indian Origin on full repatriation basis (subject to RBI approval, if required) or on non-repatriation basis.

4.       Religious and Charitable Trusts, Wakfs or endowments of private trusts (subject to receipt of necessary approvals as required) and Private Trusts authorized to invest in mutual fund schemes under their trust deeds

5.       Partnership Firms

6.       Karta of Hindu Undivided Family (HUF)

7.       Banks (including Co-operative Banks and Regional Rural Banks) & Financial Institutions

8.       Foreign Institutional Investors (FIIs) registered with SEBI on full repatriation basis (subject to RBI approval, if required)  

9.       Companies, bodies corporate, public sector undertakings, association of  persons or bodies of individuals and societies registered under the Societies Registration Act, 1860 (so long as the purchase of units is permitted under the respective constitutions)

10.       Army, Air Force, Navy and other Para-military funds and eligible institutions

11.       Scientific and Industrial Research Organizations

12.       Provident / Pension / Gratuity and such other Funds as and when permitted to invest

13.       International Multilateral Agencies approved by the Government of India / RBI

14.       Trustees, AMC or Sponsor or their associates (if eligible and permitted under   prevailing laws), may subscribe to the Units under the Scheme.  

15.             Non-resident Indians / Persons of Indian Origin residing abroad
          on full (NRIs) repatriation basis (subject to RBI approval,  required)

16.            Trustees and their associates (being individuals)

17.       Minor through parent / lawful guardian

18.             Hindu Undivided Family (HUF) (through Karta or otherwise)

19.       Indian resident adult individuals either singly or jointly (not  exceeding  three)  

Minimum Amount For Investment