Fixed Maturity Plan - Post listing requirements

The investor can apply for the units using the application form attached to Key Information Memorandum (KIM) and submit the same to any Collection Centres (HDFC Bank Ltd) / ISCs / Official Points of Acceptance of HDFC Mutual Fund ('the Fund') during the New Fund Offer period.

The investors applying for subscription of units of HDFC FMP Schemes would have an option to hold the Units either in physical form or in demat form.

Yes. However, Unit holders must use separate application forms for investing simultaneously in both i.e. physical form and demat form.

The Units issued in demat form will be listed on the capital market segment of the National Stock Exchange of India Limited (NSE) within 30 days from the closure of NFO. In case a Unit holder wants to hold units in a demat form he will have to give the details of his demat account in the space provided in the application form. It will not be automatically allotted in demat form without the requisite details.

No, the units cannot be redeemed before maturity directly with the Fund. However the units held in demat form can be redeemed (sold) on a continuous basis on NSE.

No. He can hold the units as per the current form. He will get the redemption proceeds at maturity.  

 

 

No. The switch can be done only on the date of maturity.  

Yes. The Unit holder will have to fill in a Request Form for Demat, and submit the same alongwith the account statement to your DP. The Unit holder has to ensure that enclosed account statement is defaced by marking "Surrendered for Dematerialisation" on the face of the statement.On verification, the same will be forwarded the Registrar & Transfer Agent ('CAMS') to the CDSL/NSDL for dematerialization.

Yes, the ISIN of the Unit should be mentioned in the DRF, to ensure that the correct Unit is dematerialized. Separate ISIN will be allotted for each Plan/Option of the respective Plan(s). If, however, the investor does not know the ISIN, the same can be obtained from the DP or from CDSL /NSDL website or from the Fund.

 Yes, if you wish to convert the units in physical form (i.e. account statement), a request has to be made to your DP for rematerialisation in Remat Request Form (RRF), who will forward to the Registrar & Transfer Agent ('CAMS').. Once the rematerialization is complete, an account statement will be sent to the Unit holder.

Yes. The channel will have to provide the demat details in the channel feed at the time the file is sent to the Registrar & Transfer Agent ('CAMS'). The provision for the said codes is already there in the existing transaction feed format.

The request for any change in non-financial details is required to be informed to your DP. If any request is received from such investors at any of the official points of acceptance at the AMC, the same will be summarily rejected and necessary intimation will be sent to the respective investor.

Yes. The conversion process defined in (6) above for the normal investors will apply to such investors.

Yes. The Unit holder will get the redemption proceeds directly into their bank account linked to their demat account if he holds the units in demat form till maturity.  

The Units cannot be allotted in demat form, in case your demat account is frozen / in activated by the DP on account of non- submission of documents, such as PAN. Therefore, submission of PAN alongwith the application form alone will not be sufficient to process the application for allotting units in demat mode.

For Unit holders in the physical mode the dividend will be paid in the bank mandate indicated in the folio/application form according to the payout mode opted for. For Unit holders in the demat mode the same will be credited to the bank account linked to their demat account or will receive a dividend warrant depending upon the mode of receipt opted.

In case the Units bought by you are yet to be transferred into your account by your broker before the record date, you will not be entitled to receive corporate benefits such as dividend since your name will not figure in the list of beneficial owners. Hence, you must ensure that units bought by you are transferred into your account before the record date announced by the Fund.

No. Though the units will be listed on the stock exchange STT is applicable to only equity shares and equity oriented funds. On debt securities there is no STT.

The unit holder will have to fill out a transfer instruction for delivery (TIFD), which he will have to submit to the DP where he will have a new account.

No. In demat all units are fungible, which means that any unit of an ISIN is similar to any other unit of that ISIN.

In the physical mode the Unit holder can receive the account statement on request. In the demat mode the Units will reflect in the statement of holdings issued by the DP. The Unit holder can approach his DP for a statement of holdings over and above what he will receive periodically.

The Units, which are in demat form can be sold through any SEBI registered stock broker at NSE. The investor will have to approach the stockbroker and follow the procedure, which is ordinarily done to sell securities like equity shares.

Yes. The order of holding and bank account and other details in the demat account have to be the same as given in the application form.  

 

 

Yes. In case a Unit holder has opted to hold Units in the demat mode, the mode of holding mentioned in the application form should be the same as that existing in his demat account. In case of any mismatch the application will be rejected.

Yes. The nomination should be the same as given in the demat account. In case the nomination details provided by the Unit holder in the application form vary, the nomination details as per his demat account will prevail.

Yes. To enable the same the Unit holder will have to provide the demat account details. He can attach the application form with the transaction slip. The DP details can be mentioned in the relevant space provided in the application form.

In case the units are held in physical form the transmission policy in force for HDFC Mutual Fund will be applicable. In case the units are held in demat form the Unit holder will have to comply with the guidelines formulated for transmission by the respective DP's.

The applications for subscriptions/ switch-in of Units should be made in multiples of Rs 10/-. However, switch-in requests which results in allotment of units in decimal places (fractional) will be refunded to the Unit holders.

It will normally take 15 days to process a valid dematerialization request from the date of receipt of such request and 30 days to process a valid rematerialization request from date of receipt of the said request.

Unit Holders must avoid buying/selling units close to the maturity date of the FMP as actual unit holder details as on the record date ("Maturity Record Date"), for determining the Unit holders as per the Depositories (NSDL/CDSL) records, who will be eligible to receive redemption proceeds upon Maturity, will be 3 working days before the Maturity Date of the FMP. Trading in units of the FMP (on stock exchange(s) where units are listed or through off-market transfers), shall be suspended 1 working day before the Maturity Record Date.

Example: Maturity Date of the FMP: 9th August 2019

   Maturity Record Date: 6th August 2019

   Last date for trading: 2nd August 2019 (Friday)

   Trading suspension date: 5th August 2019 (Monday)

 The unit holder can change the scheme name indicated for switch on the maturity date of the FMP to any other scheme other than the one they had opted for at the time of subscription by submitting a switch request to any of our/CAMS’s investor service centre or MF Online

 The maturity proceeds will be credited to the bank account linked to the unit holder’s demat account. If the unit holder wishes to change the bank account he/she will have to update his/her details with his/her depository.  The unit holder needs to check with his/her depository on the timelines for such updation to ensure that his/her bank account is updated prior to the maturity date.

 Where the bank mandate is already registered, the proceeds will be credited to that account. If unit holders wish to change their bank mandate, they need to give a new bank mandate at least 7 days prior to maturity at any of our/CAMS’s investor service centres