Your Rights as a
Mutual Fund Investor
The International
Organization of Securities Commissions (IOSCO) has proposed to celebrate World
Investor Week (WIW) from October 2-8, 2017 to raise awareness about the significance
of investor education and protection and highlight the various initiatives of
securities market regulators. Countries in six continents, which are members of
IOSCO, would be celebrating this week as World Investor Week (WIW). NSDL along
with SEBI are spearheading this effort in India.
Every mutual fund
investor is entitled to some powerful rights. Rights that are meant to protect
your investments. On the occasion of World Investor Week, we would like to
share with you some important rights, your rights, which will help you be an
informed investor.
Quantum Mutual
Fund believes in only one motto - doing what is best for the investor, so be it
innovating to create investor friendly investment processes to being the first
AMC to willingly share the Charter of Investor Rights on our website; we would
like all our investors to know why it is important to know all the rights
investors are empowered with. These rights are bifurcated into two parts - Your
AMC related rights and your Fund related rights.
AMC Related
Rights
These rights are
entitled to you to seek information or express views or demand in matters that
are related to Quantum AMC in general. It gives you the power to ensure that
you are given fair treatment by our AMC, your right to privacy or even share
your grievances. Below mentioned are all the rights you can avail -
1.
Right to Fair Treatment -
We believe in being transparent and treat each one of you equally. May it be
your SIP of Rs. 500/- or Rs. 5,00,000, we always give fair treatment to all our
investors & not discriminate based on investment amount or gender, age,
religion, caste etc.
2.
Right to Privacy –
Your personal and financial data is safe with us. We have a Privacy Policy
which you can read
here.
3.
Right to Inspect Documents –
The documents mentioned in the Charter of Investor Rights are available for
inspection at the office of the Fund at Regent Chambers, 505, 5th Floor, Nariman Point, Mumbai-400021.
4.
Right to Grievance Redressal –
There is a formal Grievance Redressal policy in place. You are requested
to click here to read the same.
5.
Right to Terminate Appointment
of Asset Management Company – Yes, the termination of the
appointment of the AMC can be done by its investors (unit holders). A minimum
of 75% investors need to approve the termination.
Fund Related
Rights
These rights are
entitled to you to seek information or express views or demand in matters that
are related to your investments or the funds of Quantum AMC. When it comes to
your investments we would urge you, our investor, to be extra cautious and be
aware of all the rights that you are empowered with. Below mentioned are all
the rights you can avail-
1.
Right to Suitability
2.
Right to Understand Risks
3.
Right to Understand Scheme True To Its Label
4.
Right to Receive Fair and True Advertisement
/ Communication
5.
Right to Know Schemes’ Investments,
Portfolio, Expenses and Accounts
6.
Right to Receive Details of Investments /
Avail Services For Investments
7.
Right in the Beneficial Ownership
8.
Right to Vote
9.
Right to Know Voting In the Investee
Companies
10.
Right to Receive Compensation for
Inappropriate Valuation
11.
Right to Receive Redemption Proceeds and
Dividend
12.
Right to Wind-Up the scheme
Knowing
these rights will help you empower yourself and take good care of your
investments. This is only to help you make most of your investments. Also we as
an AMC hope that this transparency will bring more and more investors towards
choosing mutual funds as their primary investment avenue.
You can read the detailed Charter of Investor Rights here.
You can read the detailed Charter of Investor Rights here.
No comments:
Post a Comment