• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Advertisement

Kochi Jan. 26

Geojit Financial Services Ltd has been authorised by CDSL Ventures Ltd, the nodal agency for issuing Mutual Fund Identification Numbers (MIN), as a point of service for issuing this facility to prospective customers.

MIN is the unique number that is allotted to mutual fund investors and is required for all applications of mutual funds valued above Rs 50,000. The purpose of MIN is to identify high value applicants in mutual funds and is mandatory from January, a press release issued here said. Proof of address, proof of identity, copy of PAN card and photos are mandatory for applying for MIN.

Those who make fresh investments in any scheme from any fund house require a MIN. Investors in systematic investment plan would be required to obtain MIN even if the SIP was registered prior to January 1. Any switching made from existing investments or dividends re-invested do not require quoting of MIN, the release said.

More Stories on : Mutual Funds | Financial Services

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Geojit to act as point of service for MIN

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line