1.How does an NRI invest in Sundaram Mutual Fund?

Non Resident Indian (NRI) and Persons of India Origin on full repatriation basis can invest in our funds. (Subject to RBI approval if needed)

It is mandatory for NRI's to have an NRO/NRE account in India. They can affect the purchase from that account. It is mandatory to have a PAN (Permanent Account Number) number as well.

Further, the investor will have to:
Fill up the application in all respects:
Fill in the names of all applicants (2nd and/or 3rd applicants if there is more than 1 applicant)
Address - both local as well as overseas address
Email-ID
Telephone No, Mobile No, Fax No.
Mode of Holding - NRI (Repatriable or Non-repatriable)
Bank particulars - Bank Name, Branch, A/c No, whether NRE/NRO
Mandatory requirements: ·PAN proof is a must. KYC Compliance, if investment is over Rs. 50,000

If second holder is a Resident Indian, Pan No should be submitted

Payment by way of a cheque, drawn from, NRE/NRO A/c of any bank in India.
Cheque(s) must clearly carry whether it is an NRE or NRO A/c
If it is not mentioned on the cheque, investor must obtain a letter in original from the bank that, the investment amount out of the said A/c No. with that bank branch is an NRE or NRO A/c.
This is towards the proof that, the amount is out of NRE/NRO A/c of the investor.

If received at any of our Branch locations or SBNPFS ISC/TP (Registrar) with a local cheque, allotments will be based on the date and time of receipt of the application/cheque at that location.

If received with an outstation cheque (not payable at the location at which the application is lodged), these must be sent to our Chennai office. The allotment will be based on the date of realization of credit into our Account.

Investors can obtain a Banker's Cheque or a Demand Draft in the absence of a cheque.

*This must be, accompanied by an FIRC (Foreign Inward Remittance Certificate) or a BC (Banker's Cetrificate). This is towards the proof that, the amount is out of NRE/NRO A/c of the investor. These instruments must be payable at any of our branch locations. The allotment will be based on the date and time of receipt of such requests at these branch locations.

Investors can make investments by way of Dollar Draft/Cheque. *However, the clearing time will vary anywhere between 21 and 40 days (at times even more) for the funds to get realized in our account and allotments will happen only upon realization * There will be difference in the rupee conversion value between the date of receipt of the investment and the allotment date which the investors must be aware of . There will be collection charges levied by the bank(s) involved (our bank and the collecting/clearing bank and the intermediary bank, if any) and the allotments will happen net of these charges. Hence, in view of the above details a local payable cheque would be preferred in the interest of the investor.

Hence a Dollar Draft/Cheque payment is not encouraged in the best interest of the investor.

We do not offer an online purchase facility for direct investors. However, they can purchase online through our channel partners.

After January 4, 2008 investments made directly with us without the help of a distributor will be eligible for a waiver of the entry load.

Please fill in an application form along with a cheque and an attested copy of the Pan Card and submit the same at our nearest branch. Please enter “Direct" in the Broker code column if it is a direct investment

An investment over Rs 50000 would have to comply with KYC rules please visit www.amfiindia.com or www.sundarammutual.com for further details

Please visit the website at www.incometaxindia.gov.in for more details on PAN.

2. How can an NRI carry out transactions like making an additional purchase / redemption / switch?

An NRI Investor can make an additional purchase by filling in the transaction slip along with the purchase cheque from an NRE/NRO account as the case may be. We have not yet offered an online purchase facility to investors However, redemptions/switches can be effected online by means of a H-Pin that can be obtained by signing a PIN Agreement Form.

3. What address should be mentioned on the application form? Can an NRI mention a local address for all communication?

The Overseas address is mandatory for NRI Investors. The Local address is optional and can be given as a communication address.

4. Can an NRI investor get the Statement of Account and other communication by email?

The NRI Investor has to record his E-Mail ID at the time of purchase and opt for receiving the statements vide E-mail in the application itself and he would receive statements vide E-Mail.

5. What is the mode of payment for Repatriation and Non-Repatriation Basis?

The Modes of payment are: Direct Credit (arrangement with select Banks) and Cheque /DD in the case of redemptions, as per the mandate of the investor. In the case of dividend payments , the mode of payment can either be vide Direct Credit with a few select Banks, ECS or cheque payment as per the mandate of the investor.

6. The cheque or the DD should be payable or drawn on which location?

The purchase cheque/DD should be payable at any Sundaram branch/SBNPFS ISC/TP location. If the Cheque/DD is made vide an outstation cheque then units will be allotted based on the date of realization of credit into our account.

7. Will Sundaram MF accept an NRI application with an overseas bank account detail?

At present, we do not accept an NRI application with an overseas bank detail.

8. After an application for investment when will the units be allotted to the NRI?

The Purchase will be based on the date and time of receipt of the request either at Chennai or at any of our branches. If received before 3 pm on any stock market working day, units will be allotted based on that day. Any applications received after 3 PM will be allotted units based on the NAV of the next business day.

9. Is there any load charged on switching?

the case of a Switch the applicable loads will be levied. In the case of an NRI Investor, TDS will be deducted on both Equity ( short Term ) and Debt Investments( Long and short term )

10.How does an NRI investor redeem his/her funds?

The Investor can redeem offline by submitting a duly signed redemption request at any of our branches or SBNPFS ISC. Redemption will be processed based on the date and time of receipt of the request either at Chennai or at any of our branches or SBNPFS ISC. If received before 3 PM on any stock market working day redemption will be based on the NAV of that day. Any applications received after 3 PM will be redeemed, based on the NAV of the next business day.

11. How will the redemption proceeds be paid?

The Redemption proceeds will either be sent vide Direct Credit/Cheques/DD as per the mandate of the investor

12. Is the Income/Dividend on mutual fund units repatriable?

Yes the income/Dividend is Repatriable as per RBI Regulations.

13. Does Sundaram Mutual currently do a transfer to the overseas account?

Currently, we do not offer that facility.

14. Can a Power of Attorney (POA) holder invest on behalf of the NRI investor?

Yes, a POA can invest on behalf of an NRI provided the POA is registered or the POA document copy notarized in the original, is submitted along with the purchase application.

15. Is nomination by NRIs allowed in the schemes of Sundaram Mutual?

Yes, nomination is allowed.

16. Can a resident Indian have an NRI as nominee?

Yes, a Resident Indian can have an NRI as a nominee.

17. Can an NRI have a joint account in a scheme of Sundaram Mutual with a resident Indian?

The Mode of holding can be Joint between an NRI and Resident Indian for an investment in Sundaram l Mutual.

18. How does an NRI get updated on the performance of the schemes?

An NRI can visit our website www.sundarammutual.com and subscribe his ID for receiving the updates like Market Outlook/Fact Sheets etc.