Investment Plan definition
Examples of Investment Plan in a sentence
An Automatic Investment Plan includes a dividend reinvestment plan.
The statement of account shall clearly state that the net investment as gross subscription less transaction charge and give the number of units allotted against the net investment.In case of investments through Systematic Investment Plan (SIP) the transaction charges shall be deducted only if the total commitment through SIP (i.e. amount per SIP installment x No. of installments) amounts to Rs. 10,000/- and above.
In accordance with AMFI notification and Guidelines issued, investments in mutual fund schemes [including investments in systematic Investment Plan (MICRO SIP)] by investor in a rolling 12-month period or in a financial year i.e. April to March does not exceed Rs 50,000/- (known as “Micro Investment”) shall be exempted from the requirement of PAN.
Each box must be checked prior to submitting your Smart Schools Investment Plan.
Investors can enroll for investments in Systematic Investment Plan (SIP) through National Automated Clearing House (NACH) Platform.