Plan A - Minimum Amount Rs 5000 (Regular Plan)
Plan B - Minimum Amount Rs 1Cr.
Dividend option
This option is suitable for investors seeking income through dividend declared by the scheme. Dividends currently are tax free in the hands of the investor after a dividend distribution Tax Structure to 14.1625%(12.5%+10%surcharge+3%Education Cess) for Individuals For partnership, AOP/BOI,Domestic Cos-22.66%(20%+10%surcharge+3% Education cess)
NAV Frequency
Each Business day. (That is Monday to Friday)
Options
Growth option The scheme will not declare any dividends under this option. The income attributable to units under this option will continue to remain invested in the scheme and will be reflected in the Net Asset Value of the units under this option
Dividend Frequency
The fund will endeavour to declare dividends on a quarterly/half yearly and annual basis The likely dividend periodicity is as follows : Quarterly: March, June, September and December Bi-Annual: September and March Annual: March The AMC reserves the right to change the periodicity and the exact date will be communicated to the registrar or can be found out from the offices of the AMC.
Purchase
Cheque to be drawn on
GSSIF-IP crossed "A/c Payee only" and payable locally at centers where CAMS ISCs are present
Cut-off time for purchase
An application will be considered accepted subject to it being complete in all respects and received for subscription, prior to 3.00 pm on that business day and submitted at CAMS Investor Service Center.
Entry Load
NIL
Demand drafts
Only in places where CAMS ISC is absent Draft charges will be borne by the AMC
Systematic Investment Plan
Rs 1000 in multiples of Re 1 and a minimum of 6 monthly post dated cheques/ 4 quarterly post dated cheques dated 10th of each month/quarter. For more on SIP.
Minimum Fresh amount
Rs 1000 in multiples of Re 1/-
Minimum Application amount
Minimum application amount
For new investors
For existing investors, additional investment in multiples
GSSIF -IP Plan A
Rs 5000/-
Rs. 1/-
GSSIF -IP Plan B
Rs 1Cr/-
Rs. 1/-
Redemption
Minimum redemption amount
In multiples of Re 1/-
Exit Load
Nil
Minimum Balance in account
Rs 5000
Systematic Withdrawal Plan
As per amount decided by investor. Please check with AMC before investing.
Cut off time for redemptions and Redemption turn around time
In cities where the AMC offices are located
Investors submitting completed redemption requests and submitting the same either at the AMC office/CAMS investor Service Center in cities where the AMC offices are located will get their redemption proceeds the very next business day (ie on T + 1 basis) at the CAMS ISC in the form of a cheque or a Direct credit (if investors have bank accounts in the following banks) subject to submitting the request by 3:00 pm at CAMS ISC. If investors fail to collect the cheques at the CAMS ISC then the same will be couriered to the address mentioned in the account statement.
In other cities where AMC offices are not located
In cities where the AMC offices are not located the cut - off time is 3:00 pm with the redemption cheque being couriered out of CAMS, Chennai the very next business day.
Direct Credit for redemption
Standard Chartered Bank, HDFC Bank, ABN AMRO Bank, HSBC Bank, Axis Bank, ICICI Bank, IDBI Bank, Deutsche Bank, Citibank, Kotak Mahindra Bank, Indusind Bank, Yes Bank, Centurian Bank Of Punjab, Societe General.
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