Mutual Fund is a trust that collects money from a number of investors, who share a common investment objective. Then, it invests the money in equities, bonds, money market instruments and/or other securities. Each investor owns units, which represent a portion of the holdings of the fund.
Types of Mutual Funds
Equity or Growth Funds:These invest predominantly in equities i.e. shares of companies with a primary objective of wealth creation or capital appreciation.
Income or Bond or Fixed Income Funds:These invest in Fixed Income Securities, like Government Securities or Bonds, Commercial Papers and Debentures, Bank Certificates of Deposits and Money Market instruments like Treasury Bills, Commercial Paper, etc. which are relatively safer investments and are suitable for Income Generation.
Hybrid Funds: These invest in both Equities and Fixed Income, thus offering the best of both, Growth Potential as well as Income Generation.
Mutual Funds offered by SSFB+
ICICI Prudential Mutual Fund
HDFC Mutual Fund
Reliance Mutual Fund
Aditya Birla Sun Life Mutual Fund
SBI Mutual Fund
UTI Mutual Fund
Kotak Mahindra Mutual Fund
DSP BlackRock Mutual Fund
Franklin Templeton Mutual Fund
Invesco Mutual Fund
Mirae Mutual Fund
Tata Mutual Fund
With a view for ease of transaction, we bring you Investment Online - An online service offered to all Investors having an SSFB Savings Account that will enable you to transact online. With the Investment Account, you have complete control over your mutual fund transactions, to purchase, redeem and switch funds and investment preferences at will with the added convenience of investing from the comfort of your home through Internet Banking. SSFB Savings Account is linked to Investment Account, which is debited on purchases of Mutual Funds. NAV and other details for all your holdings can be viewed easily. Redemption and Dividend pay-out is directly credited to your SB Account. Only Mutual Funds that are purchased through the Investment Account can be redeemed through this service.
To be eligible for Investment Account:
The applicant needs to be an existing SSFB account holder
The applicant needs to be KYC Compliant
The Savings Bank Account status has to be Single or Either/Survivor
If you are an existing SSFB customer and haven’t opened an Investment Account yet, To Register Download Form. After filling up the application form along with KYC application please submit the same to the nearest SSFB Bank Branch.
Systematic Investment Plan (SIP)+
Systematic Investment Plans, called SIP, help you create wealth over the long term through small and periodic investments. By making small, disciplined savings in mutual fund schemes over a period of time, these plans bring you closer to realising your financial goals.
Systematic Investment Plan (SIP), enables a regular investment into a scheme, much like a bank recurring deposit. The essence of SIPs is that when the markets fall investors automatically acquire more units. Likewise, they acquire lesser units when the market rises. This means that you buy less when the price is high whereas you buy more the price is low. Hence the average cost per unit drops down over a period.
Systematic Investing means:
Investing a fixed amount
Investing for a continuous period
Investing at regular intervals
It is a disciplined way of saving.
You can start small, with investments as low as Rs. 500 per month.
Diversification reduces the risk of ‘timing the market’.
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The audited financial statements of Suryoday Small Finance Bank Limited (“Bank”), as at and for the financial years ended March 31, 2018, March 31, 2019 and March 31, 2020 and the audit reports thereon dated May 30, 2018, May 29, 2019 and May 27, 2020, respectively (collectively, the “Financial Statements”), have been uploaded here by the Bank solely to comply with the requirements specified in the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2018, as amended (“SEBI ICDR Regulations”).
Please note that the Financial Statements do not constitute a draft red herring prospectus, red herring prospectus or final prospectus, a statement in lieu of a prospectus, an offering circular, an offering memorandum, an advertisement, an offer or a solicitation of any offer or an offer document to purchase or sell any securities under the Companies Act, 2013, the SEBI ICDR Regulations, or any other applicable law in India or elsewhere in the world. The Financial Statements should not be considered as part of information that any investor should consider to subscribe for or purchase any securities of the Bank and should not be relied upon or used as a basis for any investment decision. Anyone placing reliance on the Financial Statements, or any other information on the website of the Bank would be doing so at their own risk.
The information contained herein does not constitute an offer for sale of, or solicitation of an offer to buy, the securities of the Bank in the United States or in any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
While care has been taken in preparing the Financial Statements, none of the Bank or any of its advisors, nor any book running lead managers or selling shareholders, nor any of their respective employees, directors, affiliates, agents or representatives accept any liability whatsoever for any loss howsoever arising from any information presented or contained in the Financial Statements, or the opinions expressed therein. None of the foregoing shall be liable for any direct or indirect losses arising from the use thereof and the viewers are requested to use the information contained herein at their own risk.
These Financial Statements should not be copied, reproduced, re-circulated, re-distributed, published or advertised in any media, website or otherwise, in any form or manner, in part or as a whole, without the express consent in writing from the Bank. Any unauthorized use of the Financial Statements contained herein is prohibited. Accordingly, any persons in possession of the aforesaid should inform themselves about and observe any such restrictions. Information contained in the Financial Statements is provided “as is” without warranty of any kind, either expressed or implied, including any warranty of fitness for a particular purpose. No reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in these Financial Statements. Further, past performance is not necessarily indicative of future results. Any opinion expressed on the Financial Statements are subject to change without notice.
The Financial Statements are only current as of the dates specified therein and neither the Bank nor any of its respective advisors or representatives is under any obligation to update you in the event the information in the Financial Statements becomes stale or inaccurate. You must make your own assessment of the relevance, accuracy and adequacy of the information contained in the Financial Statements and must make such independent investigation as you may consider necessary or appropriate for such purpose.