Opening an account with CSEC is a simple process.
|Supporting Documents for different status of investors|
|Type of Document||Individual||Minors||Body Corporate||Partnership||HUF|
|Account Opening Form||✓||✓||✓||✓||✓|
|Recent passport size photograph (to be affixed in the application form)||✓||✓||✓||✓||✓|
|Cancelled Cheque Copy||✓||✓||✓||✓||✓|
|Residence Address Proof||✓||✓||✓||✓||✓|
|Proof of DOB / School Leaving Certificate||✓|
|Partnership Deed / HUF Deed||✓||✓|
|Board Resolution (BR)||✓|
|Memorandum of Association (MOA)||✓|
|Articles of Association (AOA)||✓|
|Certificate of Incorporation||✓|
|Authorized Signatory List (ASL)||✓||✓|
|List of Banks supported for Online Payment Gateway|
|1||Allahabad Bank||11||DCB BANK Ltd||21||Jammu and Kashmir Bank||31||State Bank of India|
|2||Axis Bank||12||Deutsche Bank||22||Karnataka Bank||32||State Bank of Mysore|
|3||Bank of Bahrain and Kuwait||13||Dhanlaxmi Bank||23||Karur Vysya Bank||33||State Bank of Patiala|
|4||Bank of Baroda||14||Federal Bank||24||Kotak Mahindra Bank||34||State Bank of Travancore|
|5||Bank of India||15||HDFC Bank||25||Oriental Bank of Commerce||35||Tamilnadu Mercantile Bank|
|6||Bank of Maharashtra||16||ICICI Bank||26||Punjab National Bank||36||The Catholic Syrian Bank|
|7||Canara Bank||17||Indian Bank||27||South Indian Bank||37||Union Bank Of India|
|8||Central Bank of India||18||Indian Overseas Bank||28||Standard Chartered Bank||38||United Bank of India|
|9||City Union Bank||19||Indusind Bank||29||State Bank of Bikaner and Jaipur||39||Vijaya Bank|
|10||Corporation Bank||20||ING Vysya Bank||30||State Bank of Hyderabad||40||Yes Bank|
Investors who have already invested through other distributors, just need to send change of broker forms and folio conversion from offline to online request letter duly signed. Similar forms are available under download section.
Simply you can update your New Bank Account details, e-mail id, Mobile No. etc. to CSEC (refer download sections for any change in non-financial transactions).
No Investor can opt for Anyone or Survivor mode only.
Yes. Upon completion of the account activation for the second holder, the investor can select the mode of holding before making an investment.
Yes. Option will be given to the primary investor.
The investment should be made from the Primary Bank account registered with CSEC.
You can update the address in Chola Money Manager by clicking Update Contact Details available under the Customer Profile tab.
If you wish to update address at the AMC, you need to fill in the KYC change form. (KYC Change Form is available in the download section)
In download section, KYC Change Forms are available. Fill the KYC change form with new details and submit the same to your nearest Point of Service (POS).
AMC will update the same through CVL KRAs when any purchase or switch transaction is executed.
Investor should provide Change of Nomination request letter (Refer download section).
Once the account is activated, you can make purchase, redeem or switch transactions on your mutual fund investments.
|1||Franklin Templeton Mutual Fund|
|2||ICICI Mutual Fund|
|3||Relliance Mutual Fund|
|4||HDFC Mutual Fund|
|5||Birla Sun Life Mutual Fund|
|6||IDFC Mutual Fund|
|7||L&T Mutual Fund|
|8||UTI Mutual Fund|
|9||TATA Mutual Fund|
|10||Kotak Mutual Fund|
|11||Sundaram Mutual Fund|
|12||SBI Mutual Fund|
|13||DSP Black Rock Mutual Fund|
|14||Deutsche Mutual Fund|
|15||Principal Mutual Fund|
|16||Mirae Asset Mutual Fund|
|17||BNP Paribas Mutual Fund|
|18||Canara robecco Mutual Fund|
|19||Taurus Mutual Fund|
For all purchase / Switch of liquid and non-liquid schemes, the investment cut-off time is 1.00 PM.
For redemption, the cut-off time is 1.00 PM to receive the same day (business day) NAV. The Redemption amount shall be credited as per the below schedule:
Liquid T+1 business day
Debt T+2 business day
Equity T+3 business day
International Schemes T+6 to 8 days.
Currently, NRIs cannot operate CSEC online platform Chola Money Manager.
For the time being, we do not facilitate Systematic Investment Plans. Facilitation of SIP transactions will be introduced shortly as the work is in progress.
There are no charges for opening an account and for investing through Chola Money Manager.
Once the order is placed, it cannot be deleted.
Refer the Document Checklist provided in the download sections.
The option to change password is available under Customer Profile.
Investor should provide Change in Mode of Holdings (Refer download section).
Investor should provide Change of Bank request letter (Refer download section).