Mutual Funds for NRI -Mutual Funds to Invest in India

You can purchase, redeem and switch funds and investment preferences at your own will. All of this is available to you at a nominal, flat quarterly maintenance fee. Go, ahead, enjoy the freedom to invest as and when you please from the comforts of your home on-the-go through NetBanking.

• Purchase, redeem and switch Mutual Funds easily with NetBanking
• Link any one of your HDFC Bank Accounts to Investment Services Account to fund Mutual Fund purchases
• Added security as authentication / validation is based on a unique Internet Password (IPIN) for NetBanking
• View NAV and other details for all your holdings easily
• Make final confirmation before processing the purchase
• Get direct credits on redemption and dividend payouts to your Account
• Select AMC schemes offered for purchase and redemption
• NetBanking cut-off time for same day NAV is 2.00 PM
• Not a feature, but documentations: Provide us with your attested (by Indian embassy) PAN (Permanent Account Number) for KYC  compliance acknowledgment to apply for Online Mutual Funds. However, please note that actual processing of KYC document is done by CVL Ventures Ltd. Any specific requirements raised by them have to be complied.

• The applicant needs to be an existing bank account holder, since a customer ID is mandatory
• The Savings Bank Account status has to be single or either/survivor
• The Account Opening Application Form has to be signed by all the account holders
• Bank Account linkage letter needs to be signed by the Bank Account Holders

"Cut-off time for same day NAV is 1400 hours i.e. 2.00 p.m. (Indian Standard Time). All instructions received on transaction day before the cut-off time will be eligible for same day's NAV (except Saturdays, Sundays and Holidays). For transactions received post cut-off time., NAV applicable will be as on next working day

In case of Liquid Scheme, NAV. is being computed as mentioned below:

• Cut-off time for Historic  NAV is 1230 hours i.e. 12.30 p.m. (Indian Standard Time). All instructions received on transaction day before the cut-off time will be eligible for Historic NAV (except Saturdays, Sundays and Holidays).
• Cut-off time for same day NAV is 1400 hours i.e. 2.00 p.m. (Indian Standard Time). All instructions received on transaction day after 12.30pm and before the cut-off time ie 2.00pm will be eligible for same day's NAV (except Friday ,Saturdays, Sundays and Holidays).
• In case of Liquid Scheme transactions done after 1400 hours i.e. 2.00 p.m. (Indian Standard Time) cut-off time on Thursday but prior to 1230 hours i.e. 12.30 p.m. (Indian Standard Time) cut-off of time of Friday, the NAV for Thursday would be applicable .
• In case of Liquid Scheme transactions done after 1230 hours i.e. 12.30 p.m. (Indian Standard Time) on friday but prior to 1400 hours i.e. 2.00 p.m. (Indian Standard Time) cut-off of time of Friday, the NAV for Sunday would be applicable as per AMC rules for NAV applicability (NAV for next business day - 1 day will be applicable).
• In case of Liquid Scheme transactions done after 1400 hours i.e. 2.00 p.m. (Indian Standard Time) cut-off time on Friday or transactions done on any holiday, Saturday or Sunday, the applicable NAV will be of the next declared NAV from AMC end
• In case of Liquid Scheme transactions done after 1230 hours i.e. 12.30 p.m. (Indian Standard Time) on a day prior to a non working day, the applicable NAV will be of the holiday. (In case of consequent holidays the last holiday NAV is taken as the Holiday NAV).

We agree and acknowledge that any instruction given or purported to be given by me/us before the cut off time as may be intimated by the HDFC Bank to me/us from time to time, would be processed on the same day. Any instructions received after the prescribed cut off time will be processed on the next working day.

We acknowledge that any transaction request falling due on a holiday would be processed on the next business day and respective NAV would be applicable as per the Mutual Fund's offer document.