m-Invest

M-Invest FAQs

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• What is the m-Invest Facility?

  m-Invest will enable investors who have a registered folio with DSP BlackRock Mutual Fund (Fund) to purchase and/or redeem Units of schemes of the Fund by sending an SMS or by calling from their mobile phone number registered with the Fund. Investors can start using this facility only after receiving the m-Invest registration confirmation from DSP BlackRock Investment Managers Pvt. Ltd (AMC). Thereafter, investors can send an SMS to 567672855 or call on 1800 200 4499 (toll-free number) and specify the amount of purchase/redemption; this amount will be directly transferred from/ into the registered bank account into/from the specified scheme. Please note that for you to avail the m-Invest facility; you need to have a registered folio with the Fund.

• How Can I avail this facility?

  Ensure that you have a registered folio with DSP BlackRock Mutual Fund.
  For registration, you will need to fill in the “Registration cum Debit Mandate Form” (‘Debit Mandate’) and provide the relevant details.
  (Only if you wish to redeem through Call centre) - You will need to apply for a PIN (Personal Identification Number) and will be bound by the relevant terms and conditions.

• Can I only invest or can I redeem as well?

  Investors with DSP BlackRock Mutual Fund can purchase as well as redeem by using this facility.

• What is the SMS I can send to transact?

  For investing: “INV space ” to 567672855

  For redeeming: “RED space ” to 567672855

• What is the number I can call to transact?

  You can call us on our toll-free number 1800 200 4499 and speak to us. Do keep in mind that in case you wish to redeem, you will need your PIN as well.

• Who can opt for this Facility?

  This Facility is currently available only to Resident Individuals (including guardians on behalf of minors). However we may extend this facility to other categories of investors such as sole proprietors, NRIs, non-individuals etc at a later stage, at our discretion.

• With what bank do I need to have an account in case I need to opt for this Facility?

  You can avail this facility if you have a bank account with any bank which has branches participating in Reserve Bank of India (‘RBI’) Electronic Clearing System (‘ECS’) /National Electronic Clearing System (‘NECS’)/Regional Electronic Clearing System (‘RECS’) facility. Additionally, you can hold an account with the Core Banking branches of following Banks: Allahabad Bank, Axis Bank, Bank of Baroda, Bank of India, Citibank, Corporation Bank, Federal Bank, IDBI Bank, IndusInd Bank, Kotak Mahindra Bank, Punjab National Bank, State Bank of India, UCO Bank, Union Bank of India. Please note that this list of banks and branches may be modified in the future. To know more, refer the Registration cum Debit Mandate Form and detailed terms and conditions.

• Do I have to pay any charges to the bank to avail direct debit Facility?

  Certain banks and their branches may levy charges (in whatsoever manner) for mandate registration and/or for transactions. These charges have to be borne by investors only.

• What will be the applicable NAV for my transaction?

  The applicable NAV for the transaction will be dependent upon the time of receipt (electronically time-stamped) of the SMS /call, and other factors like the scheme, the type of transaction, the amount, the date of realization of funds and cut-off time provisions under SEBI (Mutual Fund) Regulation, 1996. This will be treated on par with similar transactions received through other modes.

• Is there an upper limit or a lower limit for the transaction?

  Currently, this Facility is available for purchases for amounts less than Rs 1 crore, redemptions for any amount (this can be modified by the AMC at a later stage). Please also note that Purchase or Redemption transactions through ‘units’ cannot be requested using this Facility and requests will be accepted in ‘Amount’ terms only. The minimum purchase/redemption amount in the respective plan/ option of the Schemes of the Fund will be applicable for each transaction.

• When will I see the purchase transaction reflected in my bank account?

  The bank account of the investor may be debited towards purchases either on the same day of transaction or generally within one to seven days business days depending on ECS cycle. In case of non-receipt of the funds (for any reason), the transaction shall stand cancelled and units allotted, if any, would be reversed.

• What if I have two folios with the same registered mobile number?

  m-Invest is available with a condition of ‘One Mobile Number and One Folio Combination’. Only one mobile number can be registered with one folio and vice versa, for the purpose of this Facility, especially via SMS. In other words, investors cannot register the same mobile number in more than one folio to avail this Facility. However, it is clarified that other folios may have the same mobile number for receiving transaction alerts.

• How will one be able to avail this Facility in case of “Anyone or Survivor” or “Joint” mode of holding in a folio?

  In case of ‘Single’ holding folio, this Facility will be offered by the AMC to the sole Unit holder. In case the mode of holding of the folio is ‘Anyone or Survivor’, the AMC shall offer this Facility in favour of the first holder(s) mentioned in the folio. In case the mode of holding of the folio is ‘Joint’ and the Debit Mandate is duly signed by all the joint holder(s), it will be deemed to be an express instruction to the AMC / RTA to keep the mode of holding to ‘Anyone or Survivor’ to avail this Facility, so that this Facility is available to the first named holder only.

• What if I have changed my personal details?

  Investors will need to inform the AMC/RTA about any change in their bank account number, mobile number or Email ID through a written request in specified format only, duly signed.

• What if I want to transact through this facility in other Schemes of the Fund?

  Currently the Facility to transact via SMS is available only for DSP BlackRock Money Manager Fund. We may further extend this Facility for other Schemes of the Fund at a later stage. Investors will be able to modify the choice of Schemes in future by submitting the designated form for this purpose as decided by the AMC.

• How will the ARN code of my distributor get recorded?

  All transactions under this Facility will be processed with the ARN code of the distributor through whom the last transaction was received in the folio and consequently, investors may be charged with transaction charges if the distributor has opted for the same. Investors are advised to check with their distributors regarding the same. Also the investor has an option to mention the broker code on the M Invest form for all new registrations wef April 2013 which will be captured for all subsequent transactions.

• What are the instances where my transaction does not get processed?

  If the transaction is delayed or not effected at all a) For reasons of incomplete or incorrect information/key words, b) Due to non-receipt of the SMS message by the RTA, c) Due to late receipt of SMS due to mobile network congestion, d) Due to non-connectivity or non clarity in call, e) Non availability of call centre agent due to any reason whatsoever; investors will not hold the Fund, AMC and the RTA responsible for the same. The request for transaction is to be considered as accepted, subject to realization of funds towards purchases and only on the receipt of the confirmation from RTA on the registered mobile number or Email ID of the investor.

• What if I send the SMS or call but I get no response?

  In case of non-receipt of confirmation from RTA within a reasonable time, investors are advised to immediately call up on our toll free no. 1800 200 4499 to confirm the status of the transaction request. In case of receipt of multiple confirmations from the RTA against a single transaction request, the same needs to be brought to the immediate attention of RTA and the AMC.

• Where can I refer to the detailed terms and conditions for this Facility?

  For detailed terms and conditions, please read the addenda to Scheme Information Document (‘SID’) and Key Information Memorandum (‘KIM’), the notice for m-Invest and terms and conditions available on www.dspblackrock.com.