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FAQ

13. Charges, Calculations, Dividends
1) What kind of charges do I have to pay for transacting on Fundsupermart.com?
2) How is the number of units allotted when I buy a fund calculated?
3) How does Fundsupermart.com distribute dividends from funds?
4) Can I change the dividend payment method from reinvestment to payout or vice versa?
5) How do you calculate the dividend amount and reinvestment units?
6) Is dividend received from my Mutual Fund units tax exempted?
7) Will I be entitled to dividend payout if I buy the fund on EX-Date itself?
8) Will I be entitled to dividend payout if I sell the fund on or after EX-Date?
9) Will I be entitled to dividend payout if I Buy the fund 1 day before EX-date?

Q: What kind of charges do I have to pay for transacting on Fundsupermart.com?

A: There are no sales or transaction charges on Fundsupermart.com. However, any loads or charges as applied by the Asset Management Companies (AMCs) will apply.
 
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Q: How is the number of units allotted when I buy a fund calculated?

A: The number of units allotted to you will be confirmed by the AMC and updated in your account records. The standard calculation is as follows:
Units Allotted = Investment Amount / NAV of the Fund on the Allotment Date.
 
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Q: How does Fundsupermart.com distribute dividends from funds?

A: Dividends declared by the AMC will be paid to you directly, either by direct credit or by cheque, depending upon the AMC's payment mechanism.
 
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Q: Can I change the dividend payment method from reinvestment to payout or vice versa?

A: Yes, you can. To submit a request for changing your dividend option, please send us a written and signed request for the same.

Guidelines for the written request:
1. The request should be addressed to the AMC
2. It should mention complete details of the relevant holding - scheme name, folio number, units held, value, etc.
3. It should clearly specify the "change from" and "change to" options
 
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Q: How do you calculate the dividend amount and reinvestment units?

A: The AMCs declare an amount from time to time as dividend. Dividend option has 2 sub plans:

1) Dividend Payout
In this option, the Fund House distributes the amount of dividend declared to the investors.

2) Dividend Reinvestment
In case of Dividend Reinvestment option, the dividend amount gets reinvested in the scheme at the ex-dividend NAV.

Mutual Fund dividends are always calculated on face value of the scheme.

For Example:
In case of Dividend Payout: If an investor has 200 units of a scheme and the current NAV is 28.85 and this fund declares 20% dividend. Then, the investor will receive 20% of Rs. 10 (face value) on 200 units, i.e., Rs 2 per unit. Therefore, he will receive Rs 400 as dividend. Then the day end NAV will become 26.85 {i.e. 28.85 - 2}.

In case of Dividend Reinvestment: Rs 400 will be reinvested on ex dividend NAV (i.e., 400/26.85 = 14.8977). Investor will receive 14.8977 units as dividend payout.
 
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Q: Is dividend received from my Mutual Fund units tax exempted?

A: Yes, the dividend received in the hand of investor is tax exempted.
 
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Q: Will I be entitled to dividend payout if I buy the fund on EX-Date itself?

A: No, the investor will only get dividend if he/she invests before or on record date of dividend.
 
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Q: Will I be entitled to dividend payout if I sell the fund on or after EX-Date?

A: Yes.
 
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Q: Will I be entitled to dividend payout if I Buy the fund 1 day before EX-date?

A: Yes
 
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For further assistance, call our helpline at +91 22 4219 9494 from 9.30 am to 5.30 pm on Monday to Friday, (excluding Saturday, Sunday and public holidays).