A Common Application Form duly completed along with Rupee cheque or Rupee draft should be submitted / mailed to any of the Official Points of Acceptance of Transactions specified by SBI Mutual Fund (SBI MF). Investors can send their completed application forms with distributors appointed by SBI MF from time to time for onward submission to any of the Investor Service Centres. All cheques/DDs must be drawn in favour of "Name of the Scheme" and crossed "A/c payee" only and payable at the place where the application is submitted at the official point of acceptance.

An NRI choosing to invest in SBI MF currently cannot make the investment in foreign currencies. The NRI investor needs to give a cheque or draft in rupees from his/her NRE, NRO bank account in India. The NRI investor may also send a rupee cheque/draft issued by an exchange house abroad drawn on its correspondent bank in India. However, for an NRI to invest it is mandatory that he/she maintains a bank account in India.

Documents to be attached:
If an NRI investor invests in SBI Mutual Fund Schemes through Rupee draft/Bankers cheque, then any of the following documents should be attached along with the Application Form :

When the investment is made by a Rupee cheque issued out of a NRE/NRO bank account in India, a photocopy of the NRE/NRO cheque should be attached along with the Application Form. Post-dated Rupee cheque will not be accepted. Please ensure that the cheques are correctly dated at the time of submission of the application forms

1st Option - Apply Online

Currently investors can only purchase units of our schemes online with redemption and switching possible only through conventional means.

If you would like to purchase units of our schemes and are a first time visitor to our site please take some time to register with us. Investors who have already registered with us can enter their username and password to transact online.

You would require an Internet Banking account login and pin with banks we have partnered with like SBI, HDFC Bank, IndusInd Bank, IDBI Bank and UTI Bank (more to be added soon). Read the Offer Document, risk factors and disclaimers for the fund. Fill the online application and transfer funds through the banks available, purchase will be recorded and processed as per the cut off time of respective scheme. Print a copy of the submitted online form which will be emailed to you, sign it (all holders as per the form) and mail it to our registrar.

2nd Option - Conventional

Once an account is opened, the NRI investor may transact by filling up the Common Transaction Form or by simply filling the details in the transaction slip attached to the statement of the account or transaction slip downloaded from the website and mailing the same to any of the official points (As mentioned in the application form which may change from time to time) of acceptance of transactions, along with the cheque or the bank draft in case of an additional purchase.

NRIs can invest in units of the schemes on a fully repatriable basis or a non-repatriable basis where the principal is non-repatriable but the income distributions are repatriable.

Special Instruction:

You are requested to instruct the bank branch through which you plan to make the remittance as to whether you have the NRE/ FCNR/ Special Non-resident Rupee Account to send the necessary FIRCs in original on security paper to the registrars to enable early processing of the application. A copy of these instructions to the bank may also be enclosed along with the application to expedite the follow-up by the registrars.

No. Overseas bank account details are not accepted as the payment is in Indian rupees by way of cheque/direct credits.

In order to redeem funds the investor needs to submit the redemption request in original at the nearest official point of acceptance of transactions. All the redemption request forms must contain the investor's folio number, the amount/name of the schemes/unit he/she would like to redeem and should be duly signed by the unit holders on record or their Power Of Attorney (POA) holders. Redemption requests that lack valid signatures will not be accepted.

• Redemption on Repatriable basis: In order to redeem your investments from the scheme partly or fully, fill up the redemption form which is send along with the account statement. Send it to us the following address: SBIMF Investors Service Centre, Ilaco House, 2 nd Floor, Sir P.M Road, Fort, Mumbai - 400 001. We will process your request on the date on which we receive your redemption application at our office. We will send the redemption proceeds (with tax deduction at source) to the bank branch where you have your NRE account. An account statement will be sent to you at your address. You can repatriate the proceeds with the choice of currency from the bank.
• Redemption on Non-Repatriable basis: In order to redeem your investment from the schemes partly or fully, fill up the redemption form which is with the account statement. Send it to us the following address: SBIMF Investors Service Centre, Ilaco House, 2 nd Floor, Sir P.M Road, Fort, Mumbai - 400 001. We will process your request on the date on which we receive your redemption application at our office. We will send the redemption proceeds (with tax deduction at source) at a bank branch where you have your NRO account. An account statement will be sent to you at your address.

Yes. In a mutual fund the POA holder has the authority to invest on behalf of the investor and sign documents for initial and additional purchases as well as request for redeeming units from the account. While applying for purchase of units the POA holder needs to submit the original POA or an attested copy duly notarized. The POA should contain the signature of both the NRI investor and the POA holder. Only then the POA is registered and the POA holder has the right to transact on behalf of the NRI investor. The POA holder's signature will be verified before and for processing any transaction/request.

Attestation of the photocopy of the POA can be done by:

• The Notary himself or
• The Branch Manager of the bank where the NRI has his NRE/NRO Bank account. The name and the designation/code of the Bank Manager should be clearly mentioned.
• The Branch Manager of SBI Mutual Fund post verification with the original.
• POA should contain a clause empowering the POA holder to invest in securities on behalf of the NRI. Please note that a POA holder cannot nominate on behalf of the NRI.

Yes. An NRI investor can have a joint holding with a Resident Indian or a Non-Resident Indian in a scheme of SBI Mutual Fund.

The NRI investor can log on to www.sbimf.com and request for a customer ID through which he can manage his investments online. Apart from these, the fact sheets are put up on a monthly basis, which contains details like portfolio and performance for a given period.