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MIN - Mutual Fund Identification Number made compulsory... 
effective date: 1st January 2007.


All investors (individuals or Non Individuals) who wish to make an investment of 
Rs. 50,000 or above in Indian Mutual Funds will be required to obtain a MIN 
(Mutual Fund Identification Number).  

Keeping in mind investor convenience, Mutual Funds have come together to
provide a common platform for facilitating the KYC process (know your customer).
An Investor will have to obtain a Mutual Fund Identification Number ("MIN")
through this platform after completion of the verification process relating to proof 
of identity and proof of address. This MIN can be quoted while transacting with 
any Mutual Fund.


__________________________________________________________________

Currently, MIN is issued free of cost. (however we at Nriinvestindia do charge a one time $12 
fees for the time & effort we put through our NRI services, to get an MIN for our NRI clients).

**** Once the payment is done, you would forward your bill/transaction/incvoice number 
to contact@nriinvestindia.com After getting that information from you, we would forward 
you the MIN form(MAF) via email to you which could be easily filled by you with the 
help of our investment advisor.

__________________________________________________________________


Some very important MIN FAQs:


# From what date is MIN mandatory?
The effective date for quoting a MIN with your investment transaction of Rs. 50,000 
and above is 1st January 2007.

# Do I have to visit a POS personally to obtain a MIN?
No. If you are not in a position to visit a POS personally, you may send the MAF 
along with the necessary documents through your distributor or representative, who 
can arrange to obtain the MIN for you from POS.

# Is there a charge I need to pay to obtain a MIN?
Currently, MIN is issued free of cost. (however we at Nriinvestindia do charge certain 
fees for the time & effort we put in to get an MIN for our NRI clients).

# I am an NRI residing outside India. How do I get a MIN?
At present, there are no POS available outside India. You may obtain the MAF from
the AMFI / Mutual Fund website. MAF duly completed along with the necessary
documents can be mailed to your representative or Distributor who can obtain the
MIN for you
.

# Are there any special requirements for a NRI?
Yes. In addition to the certified true copy of the passport, certified true copy of the
proof of overseas address and permanent address will also be required.
If any of the documents (including attestations / certifications) towards proof of
identity or address is in a foreign language, they have to translate into English for
submission. The documents can be attested by the Consulate office or overseas
branches of scheduled commercials banks registered in India.

 

__________________________________________________________________

Currently, MIN is issued free of cost. (however we at Nriinvestindia do charge a one time $12 
fees for the time & effort we put through our NRI services, to get an MIN for our NRI clients).

**** Once the payment is done, you would forward your bill/transaction/incvoice number 
to contact@nriinvestindia.com After getting that information from you, we would forward 
you the MIN form(MAF) via email to you which could be easily filled by you with the 
help of our investment advisor.

 

 

Copyright 2006. NRI INVEST INDIA.

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http://www.nriinvestindia.com/aboutus.html is a investment website online that  will answers questions and queries of nris, non resident indians living anywhere in the world to invest in indian stocks, and Indian stock markets online. we help non resident indian and person of india origin living in london, uk, australia, gulf, dubai, usa, america, canada, europe to invest in indian stock markets and share market like sensex, bombay stock exchange,nse national stock exchange. we will tell nris how to do investments in the indian mutual funds, we are also the cheapest / affordable / lowest commissions and fees broker, or you can says tock broker in india.. Non Resident Indians can now invest in Indian Day Trade and  Do Day Trading in indian stocks in India's Stocks/Shares Online. We also help NRIs to learn how to do day trading or trade Indian blue chip stocks online. It will answer your questions like: I am an NRI - non resident NRI and I want to know how to invest /  or do investment in the Indian Mutual Funds & Stock Markets. We also tell how can nri invest in india and indian stock markets online.