How do I notify you about the discrepancies of my personal details in my folio?
You can send us a written request OR mail us from your registered e mail address OR call us at the Toll free No’s from Monday to Friday, 9 a.m. to 6 p.m. and on Saturdays from 9 a.m. to 1 p.m. to report any discrepancy in your account details.
How do I request to opt for RTGS/NEFT/Direct Credit for remittance of my redemption/dividend proceeds?
You can download the SERVICE REQUEST FORM (Service request form for COA,
COB and COC )and submit it along with the original cancelled cheque leaf with the name and account number
printed therein at the nearest L&T Investor Service Centre or CAMS . You can also
mail us from your registered e mail address along with the scanned copy of the cheque leaf.
How do I request for change of tax status from Minor to Major?
You can download Change in status from minor to major form and submit along with the documents as mentioned on the back side of the form and submit it at any of the Official Points of Acceptance.
How do I register or cancel nomination in my folio?
You can register a nominee, make changes to existing nomination and cancel the existing nomination by filling the NOMINATION FORM and submitting it at the nearest L&T Investor Service Centre or CAMS. We accept nomination registration and cancellation requests only in the prescribed format. Please note that you can register a maximum of 3 nominees and the Nomination Form should be signed by all Unit Holders irrespective of the Mode of Holding.
If the mode of holding in folio is single, then you may update the nominee
details through L&T online portal through manage profile section. For more details call on our tollfree
How do I register multiple bank account details?
Registering for this facility enables you to receive redemption proceeds into any one of the registered bank accounts without providing any supporting documents at the time of redemption. This enables you to receive redemption proceeds into the bank account of your choice.
You can download MULTIPLE BANK MANDATE FORM and submit it along with
original cancelled cheque leaf with name and a/c number preprinted therein, at the nearest L&T Investor
Service Centre or CAMS
How do I request to consolidate my folios?
You may download Request for folios consolidation form and submit it at
the nearest L&T Investor Service Centre or CAMS CSC. Please note, for
consolidation of folios details such as Unit Holder(s) Name, Order of Unit Holder(s), Mode of Operation, Bank
Mandate, Signatures of Unit Holder(s) and Nomination Details should match in all folios.
How do I update or change my contact details in the folio (E mail address / Phone No.)?
How do I change my address?
- · Self and externally attested proof of new address
- · Self and externally attested copy of the PAN card.
In case you are KYC compliant, please download the CKYC form and submit it
at the nearest L&T Investor Service Centre (ISC) or CAMS CSC or
nearest Point Of Service
of any KYC Registration Agency.
How do I change my bank details?
For an investment valuing upto 1.5 lac, the change can be done through chatbot. Alternatively, you can download the SERVICE REQUEST FORM and submit it at the nearest L&T Investor Service Centre (ISC) or CAMS CSC along with:
1. Original cancelled cheque leaf of new bank account – (first unit holder name and account number should be printed on the face of the cheque). Alternatively, investor may also provide one of the following documents in lieu of the original cancelled cheque leaf:
· Attested* copy of the bank passbook with latest 3 months entries.
· Attested* copy of the bank statement with latest 3 months transaction entries.
(* Self and externally attested documents required)
2. Original cancelled cheque leaf of old bank account or self-attested copy of the cheque leaf. Alternatively, investor may also provide one of the following documents of the old bank account in lieu of the cancelled cheque leaf:
· Attested** copy of the bank passbook with 3 months entries.
· Attested** copy of the bank statement with 3 months transaction entries
How do I update my Permanent Account Number (PAN)?
You can update your PAN online on CAMS website i.e. www.camsonline.com if mode of holding in the folio is Single.
How can I submit my FATCA/KYC Supplementary details?
You can submit the details online through www.camsonline.com. Alternatively, you
can download the FATCA & CRS DECLARATION (For Individual Investors
including Sole Proprietorship & POA
Holder) to update FATCA details and Supplementary KYC details
submission Form to update the KYC
details and submit it at the nearest L&T Investor Service Centre (ISC) or CAMS CSC
Who is a Non-Resident India (NRI)?
As per Income Tax Act:
Non-Resident Indian is a person who is not a resident of India.
An individual is deemed to be a resident, if
(A) Individual has resided in India in that year for 182 days or more or
(B) Having within the 4 years preceding that year
been in India for 365
days or more and is in India for 60 days or more in that year.
Exceptions to residential status are
· Individual who is a citizen of India and who leaves India in any financial year for the purpose of employment outside
· Individual who is a citizen of India or is a person of Indian origin (PIO) and who being outside India comes on a visit to India in any financial year.
"B" condition stated above shall not be applicable and individual status will be determined only by "A" condition in both the above cases.
Who is a Person of India Origin (PIO)?
A PIO refers to a citizen of any country (other than Bangladesh, Pakistan, Afghanistan, Bhutan, China, Nepal and Sri Lanka) if:
A) He/She holds an Indian passport OR
B) He/She or either of his parents or any of his grandparents was a citizen of India
C) ORThe person is a spouse of an India citizen or
a person referred to
in (A) or (B)
Who is an Overseas Citizen of India (OCI)?
An OCI refers to a Person of Indian Origin (PIO) who was a citizen of India on January 26, 1950 or thereafter or was eligible to become a citizen of India on January 26, 1950 if:
· He/she used to be an Indian citizen
· At least one parent, grandparent or great grand parent should have been an Indian citizen
· Married to an Indian citizen or existing
OCI for at least 2
What are the different types of rupee accounts that are permitted and can be maintained by NRIs?
The 3 types of rupee accounts that can be maintained by NRIs are:
· NRE- Non Resident ( External) Rupee Account
· NRO- Non Resident ( Ordinary) Rupee Account
· FCNR-Foreign Currency Non Resident (Bank)
What are NRE, NRO and FCNR accounts?
NRE accounts are opened for NRIs and it is also a rupee denominated account. This account is fully repatriable i.e. principal and interest amount both can be moved from India to the foreign country where the NRI is residing. All NRIs can open a NRE account. However, individuals and entities of Bangladesh and Pakistan require prior approval from the Reserve Bank of India.
NRO accounts are opened for only those individuals who are leaving India to take up an employment or establishing business outside India and is a rupee denominated account. Local funds that are not eligible to be remitted abroad must be credited to anNRO account. This account has restricted repatriablity .Any person resident outside India ( other than a person resident in Nepal and Bhutan) can open a NRO account. Individuals and entities of Bangladesh and Pakistan require prior approval from the Reserve Bank of India.
FCNR accounts are opened by NRIs and is denominated in any foreign currency which is freely convertible. This account is fully repatriable i.e. principal and interest amount both can be moved from India to the foreign country where the NRI is residing. All NRIs can open a NRE account. However, individuals and entities of Bangladesh and Pakistan require prior approval from the Reserve Bank of India.
Does a NRI or PIO require any approval from RBI to invest in mutual fund schemes?
Can a NRI invest in foreign currency?
An NRI cannot make an investment in foreign currency. He needs to give us a rupee cheque from his NRE or NRO account in India.
What is the mode of payment for Repatriation and Non- Repatriation basis?
Repatriation basis: Payments for the purchase of units may be made by India rupee drafts purchased abroad or by cheques drawn on the NRE account.
Non-Repatriation basis: Payments for the purchase of units may be made by India rupee drafts purchased abroad or by cheques drawn on the NRO account.
Will the fund accept a NRI application with overseas bank account details?
How will the redemption proceeds be paid?
Redemption proceeds will be paid in the bank account registered in the folio. The proceeds will be payable in India rupees. Tax shall be deducted at source.
What is the tax liability on redemptions and dividend income?
We request you to contact your tax consultant for detailed information on taxation.
What is the proof of Tax Deducted at Source (TDS)?
A TDS certificate is issued in the name of the first unit holder mentioning the details of the transaction and the tax deducted
When will the TDS certificate be issued?
TDS Certificates ( Form 16A) are dispatched to the investors once a quarter.
Can a Power of Attorney (POA) invest on behalf of a NRI investor?
Yes. A POA has the authority to invest on behalf of the NRI investor and sign documents for initial and additional purchases as well as redemptions. While applying for purchase of units, the POA holder needs to submit the original POA or a copy duly notarized in original. The POA documents should contain the signatures of the Sole/First holder and the POA holder. The POA holder has the right to transact on behalf of the NRI only when the POA is registered
Can a NRI investor register a nominee?
Can a NRI invest through L&T Online portal?
What is a Multi Scheme Lump Sum?
Multi Scheme Lump Sum is a facility wherein investors can opt across multiple schemes (maximum 3) of L&T Mutual Fund by issuing single cheque/transfers which is available in all L&T MF Schemes.
In whose favor the cheque is to be issued?
“L&T MF Multi Scheme Lump Sum”
Can we have different amounts against each scheme
Will the minimum amount of Lump Sum remain the same for all schemes under Multiple scheme Lump Sum
How do we add the scheme when the maximum schemes allowed is 3?
There cannot be more than 3 schemes. Investor will have to decide the allocation between 3 schemes at the time of Investment.
Is this facility available online?
Can we have different broker code against each scheme
What are the eligible schemes for Multiple Scheme Lump Sum?
All open-ended schemes are eligible for Multi Scheme Lump Sum:
· L&T Equity Fund
· L&T Tax Advantage Fund
· L&T Large and Mid-Cap Fund
· L&T India Large cap Fund
· L&T India Value Fund
· L&T Hybrid Equity Fund
· L&T Balanced Advantage Fund
· L&T Mid cap Fund
· L&T Infrastructure Fund
· L&T Flexi Bond Fund
· L&T Overnight Fund
· L&T India banking & PSU debt Fund.
· L&T Short Term Income Fund
· L&T Triple Ace Bond FundL&T Gilt Fund
· L&T Conservative hybrid fund
· L&T Emerging Businesses Fund
· L&T Liquid Fund
· L&T Credit Risk fund
· L&T Ultra Short-Term Fund
· L&T Floating Rate Fund
· L&T Short Term Bond Fund
· L&T Business Cycles Fund
· L&T Equity Savings Fund
· L&T Arbitrage Opportunities Fund
· L&T Resurgent India Bond Fund