This topic describes the systematic instruction to Purchase Funds - New screen. This option allows user to place purchase orders either one time or Systematic Investment Plan (SIP) or Standing Instruction (SI) type .

This option allows the retail investor/ user to place purchase orders either one time or Systematic Investment Plan (SIP) or Standing Instruction (SI) type for buying one or more mutual fund schemes. In SIP the dates of investment and frequencies are pre-decided by the fund house therefore an SIP is a one-time instruction to the fund house to place recurring orders. SI on the other hand is a feature provided by the bank to mimic the SIP but with dates & frequency chosen by the investor. Here the order is not a one-time instruction/order but multiple orders placed one time by investor.

To purchase the new mutual funds:

1. Navigate to one of the above paths.
   The Purchase Mutual Funds screen appears.
2. In the Search for new mutual fund to purchase or pick one of your existing funds field, select the New option.

   Figure 4-1 Purchase Mutual Funds – New Funds

   
   

   
   Description of "Figure 4-1 Purchase Mutual Funds – New Funds "

   
   

   Note:

   The fields which are marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 4-1 Purchase Mutual Funds – New Funds - Field Description

   Field Name	Description
   Fund Details	Information specified in below fields are related to fund details.
   Search for new mutual fund to purchase or pick one of your existing funds	Options for the user to select a new mutual fund to purchase or to purchase additional units of a scheme he already has invested in. The options are: New Existing
   Fund House	The fund house from which user intends to purchase the fund for current purchase order.
   Fund Category	The fund category from which user intends to purchase the fund for current purchase order. Example – Equity Category, Debt Category etc.
   Scheme Name	Name of the fund/ scheme which user intends to purchase for current purchase order.
   Purchase Type	Type of purchase order user wishes to place. The options are: Onetime - This type of purchase order allows the retail investor placing order for one time lump sum purchase. SIP - A SIP (Systematic Investment Plan) is an investment vehicle that allows the users to invest small amounts periodically or at regular frequency instead of lump sums. Dates and frequency of investment are specified by the fund house. SI - Standing Instruction allows the users to set instructions for purchasing the mutual funds at regular intervals. Dates and frequency of investment are of customer’s choice.
   Recommended Funds/ Top Purchased Funds	Information specified in below fields are related to recommended funds/ top purchased funds.
   Scheme Name	Name of the funds/ scheme as recommended by the application/ or that are mostly purchased by the investors.
   Latest Price	The current price of the recommended funds/ top purchased funds.
   Returns in% (1 Month/ 3 Months/ 1 Year/ 3 Year/ 5 Year)	The past rate of return that the fund has earned (recommended / top purchased) over a period.

3. From the Fund House list, select the fund house from which user intends to purchase the fund.
4. From the Fund Category list, select the fund house from which user wants to purchase the fund.
5. From the Scheme Name list, select the fund/ scheme which user wants to purchase.
6. In the Purchase Type field, select the appropriate purchase type.
7. Perform anyone of the following actions:
   • Click Purchase. The Purchase Order - Order Details screen appears.
   • Click Cancel to cancel the transaction.
   • Click Buy/ SIP/ SI link, in the Recommended Funds/ Top Purchased Fund section.
   • The Purchase Order - Order Details screen with the details of selected scheme and Purchase Order Details appears.

If you have selected Onetime option in the Purchase Type field, or clicked the Buy link in the Recommended Funds/ Top Purchased Funds section, following screen appears.

Figure 4-2 Purchase Mutual Funds - Order Details - Onetime

Description of "Figure 4-2 Purchase Mutual Funds - Order Details - Onetime"

For more information on fields, refer to the field description table.

1. From the Investment Account list, select the investment account to which the current purchase order belongs.
   • In the Scheme Details section, click the View More link, if you want to view more details of the scheme selected for current purchase order.

   Figure 4-3 View More

   
   

   
   Description of "Figure 4-3 View More"

   
   

   Note:

   The fields which are marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 4-3 View More - Field Description

   Field Name	Description
   NAV as on Date	The net asset value (NAV) per share/ NAVPS, is the fund's current market value of the fund's investment portfolio as on the current date.
   Funds Rating	Rating of the scheme selected for current purchase order, as provided by MF processor.
   Assets as on Date	The value of the total assets of the selected scheme on a particular date.
   Fund Manager	Name of the fund manager who manages the fund.
   Subscription Status	Subscription status i.e. whether the fund is open or closed currently for subscription.
   Snapshot	This tab displays the overall snapshot of the selected fund/ scheme.
   Fund Category	The fund category from which user has selected the fund for purchase.
   52 Week High	Highest price of selected scheme over the period of past 52 weeks.
   52 Week Low	Lowest price of selected scheme over the period of past 52 weeks.
   Return Since Launch	Amount of money earned by the scheme since it is launched.
   Latest Dividend and Date	Date and amount of recent most dividend declared by the fund. The amount of dividend here refers to the dividend earner by customer in the fund.
   Graph	The graph displaying the value of the fund on a a particular day of month.
   Performance	This tab displays the overall performance of the selected fund/ scheme.
   Fund Return	The rate of return in percentage, the selected fund/ scheme has earned for a week, month, three months, six months, One year, three years, or five years.
   Benchmark Return	This represents the rate of return earned by the benchmark index of the fund.
   Difference Between Fund and Benchmark Return	This represents the difference in rate of return earned between the fund and the benchmark index.
   Category Average Return	The average rate of return in percentage for the category to which the scheme in context belongs, over multiple periods like a week, month, three months, six months, One year, three years, or five years.
   Difference Between Fund and Category Average Return	This represents the difference in rate of return earned between the fund and the average of rates of return of a peer group of funds.
   Rank in Category	Represents the rank of the fund in its peer group based on rate of return earned for a specific period.
   Percentage of Growth	This represents the rate of return the 10,000 invested in the fund (mentioned above) has achieved over different periods of time. Note: Growth of 10,000 This figure represents how an investment of 10,000 (in fund currency) would have grown over a period of time.
   Portfolio	Represents the current portfolio – the top sectors and top holdings along with % exposure to them respectively.
   Top 5 Sectors	Top five sectors where funds can be invested. For example: Financial, Technology, Construction, etc.
   Top 10 Holdings: Equity Fund-Growth	Top 10 holdings provides the information of the fund portfolio on which the user invests. The rank of the Holding is calculated by their total market value and expressed as a percentage of the fund's total assets.
   How to Invest	Information specified in below fields are related to How to Invest.
   Lump sum Investment	This type of investment allows the retail investor to place order for one time lump sum purchase.
   Minimum Initial Investment	The minimum initial investment as allowed by the fund house.
   Minimum Subsequent Investment	The minimum amount allowed for the next investment after the first initial investment.
   Minimum Withdrawal	The minimum amount allowed to be withdrawal from the investment.
   Minimum Balance	The minimum balance to be maintained.
   Repurchase	Displays whether repurchasing of funds are allowed or not.
   Resell	Displays whether reselling of funds are allowed or not.
   Repurchase Start Date	The start date of repurchase.
   Repurchase End Date	The end date of repurchase.
   Purchase Pricing Method	The method to determine the purchase price of the funds.
   Purchase Cutoff Time	The cut off time for the fund purchase order as provided by the MF processor.
   Redemption Time	Redemption time of the purchased funds.
   Systematic Investment Plan	Information specified in below fields are related to Systematic Investment.
   Minimum Installments	Minimum number of installments for the SIP specified by fund house.
   Minimum Investment	Minimum investment allowed by the fund house.
   Date Allowed	The date on which SIP is allowed.
   Other Details	Information specified in below fields are related to other details.
   Recurring Withdrawal Allowed	Displays whether recurring withdrawal is allowed or not.
   Recurring Transfer Allowed	Displays whether recurring transfer is allowed or not.

2. From the Pay From list, select the account to pay for the purchase order.
3. From the Folio list, select the appropriate option.
4. In the Dividend field, select the appropriate dividend type.
5. In the Transaction section, enter the order amount of the purchase order in the Order Amount field.
6. In the When field; select the appropriate date for order execution.

   Select the future date from the Purchase Date list, if you select Later option.

   Figure 4-4 Purchase Order - Order Details - SIP/ SI

   
   

   
   Description of "Figure 4-4 Purchase Order - Order Details - SIP/ SI"

   
   

   Note:

   The fields which are marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 4-4 Purchase Order - Order Details - SIP/ SI - Field Description

   Field Name	Description
   Scheme Name	Name of the scheme selected for current purchase order.
   Scheme Rating	Rating of the scheme selected for current purchase order, as provided by MF processor.
   Latest Price	The latest NAV/ Price per unit the scheme chosen for current purchase order as provided by MF processor. The value below the Latest Price field is the Amount change over previous value of the NAV/ Price per unit the scheme chosen for current purchase order as provided by MF processor and the Percentage change over previous value of the NAV/ Price per unit the scheme chosen for current purchase order as provided by MF processor.
   Fund House	The Fund house to which the fund house in context belongs.
   Scheme Suitability	Displays whether the scheme is suitable for user to invest in provided by MF processor. The system displays 'Yes' if it is suitable and 'No', if the scheme is not suitable.
   Investment Account	The investment account to which the current purchase order belongs.
   Pay From	The current and savings account from which user can pay for the purchase order.
   Balance	The current balance in the current and savings account from which user can pay for the purchase order.
   Dividend	The dividend for the current purchase order. The options are: Payout Reinvest The options will appear only if the selected scheme has dividend option.
   Transaction (Installments)	Information specified in below fields are related to transaction (installments).
   Order Amount	The order amount of the current one-time purchase order.
   Minimum Amount	The minimum order amount as set by the fund house for the scheme.
   Start Date	List of SIP (Systematic Investment Plan) date specified by fund house. In case of SI (Standing Instructions) the user has to select the start date to set up standing instructions.
   Frequency	List of SIP / SI frequencies specified by fund house. The options are: Daily Weekly Monthly
   Installments	List of SIP (Systematic Investment Plan)/ SI installments specified by MF processor.
   Min. Installments	Minimum number of installments for the SIP/ SI specified by fund house.
   End Date	End date of SIP/ SI based on start date, frequency & installment number.
   Cut Off Period	Cut off time and date for the order as provided by the MF processor.
   Purchase Order Placed	Fund(s) Currently selected for purchase
   No. of Funds Currently selected	Displays the number of purchase orders that have been placed till then ( in the context of multiple buy orders - maximum 3 purchase orders can be placed in one go).
   Total Order Amount	Sum of all the order amounts, in case of SIP or SI - sum will consider individual per installment amount and not the (installment number * per installment amount).
   Folio Number	Folio number of the selected order or "New" is displayed in the case new folio option has been selected.
   Scheme Name	Name of the scheme selected for current purchase order.
   Order Amount	Per installment amount keyed in by user.

7. From the Investment Account list, select the investment account to which the current purchase order belongs.

   OR

   In the Scheme Details section, click the View More link, if you want to view more details of the scheme selected for current purchase order.

8. From the Pay From list, select the account to pay for the purchase order.
9. In the Dividend field, select the appropriate dividend type.
10. In the Transaction section, enter the order amount of the purchase order in the Order Amount field.
11. In the Start Date field, select the appropriate start date for SIP/ SI.
12. From the Frequency list, select the SIP/ SI frequency.
13. From the Installments list, select the SIP/ SI installments.
14. In the End Date field, select the appropriate end date for SIP/ SI.

8. Click Save.
   The Purchase orders placed section displaying No. of orders placed, Total Order Amount, Folio Number, Scheme Name, Order Amount appears.

   Note:

   Click icon to delete the selected fund.
9. Select the I agree to the Terms and Conditions check box to continue to purchase the funds.
   • Click the Terms and Conditions link to view the terms and conditions.
   • Click the Buy Another Fund link, if you want to buy another fund.
   • The Purchase Fund - Select Fund screen appears.
10. Perform anyone of the following actions:
    • Click Submit.
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to the previous screen.
    • Click Back to Wealth Overview to navigate to the Wealth Management Overview screen.
11. Perform anyone of the following actions:
    • The Review screen appears. Verify the details, and click Confirm.
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to the previous screen.
    • Click Back to Wealth Overview to navigate to the Wealth Management Overview screen.

    A message confirming that the transaction has been initiated appears along with the transaction reference number.

12. Perform anyone of the following actions:
    • Click Purchase Order Details link to view the details of purchase order.
    • Click Purchase Another Fund link to go back to Purchase Mutual Funds - Select Fund screen.
    • Click Switch Fund to go to the Switch Mutual Funds screen.
    • Click Redeem Fund to go to the Redeem Mutual Funds screen.
    • Click Back to Wealth Overview to navigate to the Wealth Management Overview screen.