Monday, January 08, 2007

Mutual Funds - Change Of Bank Mandate

Mutual Funds India - Change of Bank Mandate

Change bank mandate address redemption switch HSBC HDFC TATA UTI DBS chola principal Franklin Templeton CAMS AMC asset management Kotak Mahindra icici mutual fund After transferring my savings from HDFC Bank to my ICICI Bank account, I had to change the bank mandate of all the investments I had made so the dividend, if any was directly credited to my new account. Here are a few tips to help you send new details like a change of bank account or change of address without any delay or confusion.

The change of bank details, redemption, switch and change of address slip of some mutual funds like Kotak Mahindra, HSBC, Tata Mutual Fund, HDFC, UTI and Chola DBS are handled by CAMS Investor Service Center and should be sent to -

CAMS Investor Service Center,
Ground Floor, No.178/10,
Kodambakkam High Road,
Opp. Hotel Palmgrove,
Nungambakkam - Chennai - 600034.
Phone - 044-39115563, 39115565, 39115567

Franklin Templeton Mutual Fund is not handled by CAMS and has to be sent to their Delhi address at -

Franklin Templeton Mutual Fund India
F-126, Himalaya House, 12th Floor,
23, Kasturba Gandhi Marg.
New Delhi - 110001
011- 23722786, 044 - 24407700
18004254255 - Customer Care Number from MTNL Phones Only.

HDFC Mutual Fund asks for a photocopy of a crossed cheque of the new bank account which has to be sent with the Change of bank details slip either to the Cams Investor Center listed above or the HDFC Mutual fund address at -

HDFC AMC Limited 4th Floor ,Mohan Dev Building 13, Tolstoy Marg New Delhi-110001
Ph:011 66324000, 011 41522189-93,41012587-589 (Extns 101-104) Fax :011 23351318

Like Franklin Templeton Mutual Fund even Principal Mutual fund handles change of bank details or change of address requests at their Delhi office. Send forms to -

Principal PNB Asset Management Company Private Limited - AMC
310-311, Ansal Bhawan,
16, Kasturba Gandhi Marg - New Delhi -110001
Toll Free No . 1800225600

Chola Mutual Fund - Since there is no change of bank mandate slip or form attached to the account statement, you have to write a letter stating the new bank details like bank name, branch, account number, type of account and the scheme you are invested in which can be sent either to the Cams Chennai address above or the following address in Delhi -

CAMS Investor Service Center,
304 -305, 3rd Floor,
Kanchenjunga Building,
18, Barakhamba Road,
New Delhi - 110001
Phone - 011 - 30482468, 30482469.
Toll Free No - 1800-425-2267, 044- 28521839

I hope this is the information which you are looking for.


  1. Good info.We have some Mutual funds too in India!

  2. Wow! This really is info everyone cld use.. and u seem to be heavily into mutual finds in a DIY way..:-) cool!

  3. Hi,

    Can u please tell me how much time does it usually take for the bank mandate to be changed? Coz I need to change it for this month itself in which the due date falls. Do the companies accept cheque for the first ECS when bank mandate is changed?

    Hope you will be reply to me ASAP.

    Rakesh Zaveri

  4. Yep, but who is your service provider is the fact that determines your fate. I have seen CAMS to be efficient in handling such changes to banks in time (say 4 days from receipt at their side). Others may sleep on it a bit late. Who are you with.


  5. Hi,
    I have some investments in HDFC Mutual fund with Citibank. I booked MFs online.
    Now I wish to change the bank mandate to HDFC Bank. Apparently, CAMS refused to do so, Citibank is asking for too much info and I am not in India.
    Can someone help plzz !!


  6. can we send bank account chnage with all the proofs through courier


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