Date
1 Feb 12
Issue Price
Rs. 48.90
Rep. Price
Rs. 48.41
Progression
Date
9 Jan 12
Issue Price
Rs. 12.37
Rep. Price
Rs. 12.24
Progression
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MONTHLY SAVING PLAN

A Monthly Saving Plan or Regular Saving Plan is a monthly subscription plan that enables you to invest a fixed amount of money into a particular fund on a regular basis.

It uses the concept of cost averaging, an effective strategy that avoids trying to time markets. By investing regularly, more units are bought when prices are low and less units when prices are high. As a result, in rising or fluctuating markets, the average cost for all the units can be lower than the average price during the same period.

How to apply for Monthly Saving Plan

  1. Investing in NMF funds begins by opening an account. All you have to do is to visit our Office where our qualified personnel will guide you through the process.

    You should bring with you the completed Investment Application Form, a copy of your ID card or passport, a copy of your latest proof of address.

  2. You are not required to have an initial investment for the funds before starting this plan.

  3. Additional Forms to be completed:

    1. Either a "Bank Order Form". (Automatic transfer of a fixed amount of money on a regular monthly basis from your bank account to your Funds account).

    2. Or a "Check off Form". (Automatic transfer of a fixed amount of money on a regular monthly basis from your salary by your employer to your Funds account). (Important note: only for private and public companies whose permission has already been granted).

    Once any of these forms have been completed and submitted to us, we will forward them to your bank or your employer accordingly.

    We will send you a detailed statement of account showing your transactions regularly or at request.

  4. The minimum investment amount starts from Rs 500/= for any of our funds.

Other important information:

  1. Your regular investment can be directed to both funds and different accounts.
  2. You can change your monthly contribution at any time.
  3. There is neither minimum nor maximum participation period.
  4. Additional direct investment can be effected by clients.
  5. Investors can cash back part or total of their investments.
  6. Investors can apply for switching part or total investments between Funds without any additional charges.