ICICIdirect Research Our Mututal Fund research analysts are of the view that as of now there is no empirical evidence to show the impact of higher AUM on performance. Even higher AUM funds have done well while lower AUM funds have underperformed. The case is similar even in midcap and smallcap funds.
While we all understand the impact cost can be high particularly in smallcap/midcap funds, there is no co-relation which can be established. Few fund managers themselves take pro-active call of restricting inflows in smallcap funds. So while fund managers may many times find it difficult to manage few stocks in terms of exit/entry impact cost, its impact on fund level NAV is minimal. Our focus remain on portfolio stock analysis and fund manager track record to select the fund which ultimately take care of everything.
ICICIdirect Executive Thank you for the query. We would like to inform you that Mutual Fund investments will be done in physical form through ICICIdirect. It is the default mode of mutual fund investment through ICICIdirect. You will not get any physical unit or certificates. You will be able to track all Mutual Funds, view consolidated reports across AMCs and buy/sell MF units online through ICICIdirect. Units will be held by Registrar and Transfer Agents (RTAs).
To change the mode of new Mutual Fund (MF) investments to demat form, follow the below steps:
Log into your account > Mutual Funds > Mode of MF Investments > Select Demat Form and Confirm.
The above selection will only apply to new MF investments. If you wish to convert your existing physical units into Demat form, please follow steps given below:
You can convert your existing MF Holdings from Regular Physical Form to Demat Form by following the below steps. The entire process is offline and normally takes around 21 working days.
1. Obtain either - Dematerialization Request Form (DRF) for CDSL or Conversion Request Form (CRF) for NSDL from your DP (e.g. ICICI Bank for linked ICICI Bank Demat a/c)
2. Fill & sign DRF for CDSL/CRF for NSDL
3. Submit the duly filled form to your DP (e.g. ICICI Bank for linked ICICI Bank Demat a/c) with Statement of Account (SOA) issued by Asset Management Companies (AMC)
4. After due verification, the DP would send the form & SOA to AMC/ Registrar and Transfer Agent (RTA)
5. The AMC/RTA after due verification will confirm the conversion request executed by DP and mutual fund units will be credited in your Demat account
ICICIdirect Executive Thank you for the query. We would like to inform you that you are required to update Nominee details in Mutual Funds through offline mode. Suggest you click on the below link for more details.
ICICIdirect Research Our research analysts would suggest for short-term horizon of around 9 months, please invest in debt funds. In debt, funds invest in Ultra short term funds like ICICI Pru Savings fund or SBI Ultra short term bond fund.
ICICIdirect Executive Thank you for the query. We would like to inform you that as per the SEBI circular, the Dividend option is renamed as Income Distribution cum Capital Withdrawal (IDCW) option for all Schemes effective from April 1, 2021.
With reference to SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/194 dated October 05, 2020.
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