After deciding on the type of scheme, the investor will have to fill in the Application form, attach a payment instrument and submit it at any of the funds’ collection centers before the cut off time.
The investor has to invest in rupees and units will be allotted to him in fractions depending upon the NAV.
For example, if the sale price of Birla Advantage Fund was Rs. 23.49 on December 14, 2001, if the investor decides to invest Rs. 25,000 (a round sum) on December 14, 2001, given the price, he will be allotted 1064.2826 units (25,000/23.49). This calculation assumes that there is no sales load applicable to the investor.It is also important to know that the applicable NAV is known only at the end of the day and not at the time the investor hands in the application.
IF ANY MORE DOUBTS ,CALL THE MUTUAL FUND EXPERT : 9447966768
EMAIL US : OHARIONLINE@GMAIL.COM