What is the limit on the Instant Access Facility in liquid funds for a resident individual?
IAF credits redemption the same day, capped at the lower of ₹50,000 or 90% of the latest value, per day per scheme per investor.
Fresh purchase - In the NFO or later when the scheme is open. The application needs the first holder's name, date of birth, status, occupation, PAN, address, contact details, signature and bank details. - A folio can have up to 3 holders. Nomination is optional. All holders sign, whatever the mode of holding; digital authentication now replaces physical signatures. - The R&T agent creates the folio. Allotment is at the applicable NAV, which depends on the type of scheme, the day, the time and the availability of clear funds. Additional purchase: quote the folio number. KYC, PAN and personal details are already on record.