Investment in Mutual Funds in India has been made convenient at zero cost for Resident Indians and Non Resident Indians (NRIs), Overseas Citizens of India (OCIs) , Person of Indian Origin (PIOs). All Online Orders are routed through BSE Star MF Platform.
No charges are applicable for both purchase and redemption orders (whether Lump sum or SIP).
However if NRIs are based out of USA or Canada, the fee will be applicable as below:
|For Normal/Additional Purchase
||0.20% of the application value subject to a minimum of Rs.100/- per application (One time)
||Rs.250/- per application (one time)
||0.30% subject to a minimum of Rs.100/- per transaction
The above charges are applicable only for USA & Canada based NRI clients for whom the applications (both purchase & redemption) are processed Offline as they are currently not permitted on the Online BSE Star MF Platform.