MoneyKraft

1. Which of these is an example of good housekeeping and proper maintainence of investments?

Some investments are in maiden name, though investor has since married and changed her name

Bank account details are regularly updated and unused ones dropped from folio records

Investments carry old address where investor does not live any more

2. When the KRA is notified about change of address then

Address is changed across all mutual funds

Address change is implemented in the city where the investor lives

Address is changed for most recently traded funds

3. Change of signature may mean that investor cannot access investments signed many years ago. This can be rectified by

Notifying the record office

Sending a letter to fund office showing both old and new signatures

Getting a banker to attest new signature and then notifying the fund

After you have invested: housekeeping tips

maintaining your investments: have you ensured good house-keeping?

Watch this video to understand why regular updation of all folio details is essential for sound investment maintenance.

AUTHOR(s):Shreeja Thirani