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Mutual Funds
Mutual Funds
I can not see any units allocated, my amount is already deducted
Don't you worry, order usually gets confirmed in 2-3 working days and you should receive a notification of unit allocation by the Fund house, alternatively you can also check our app for an update.
What is KYC ?
KYC is an acronym for 'Know your customer',a term commonly used for customer identification process.Indian regulators have prescribed certain requirements relating to KYC norms for MFs to know their clients.
What is the minimum and maximum withdrawal limit for Instant Redemption facility
The minimum withdrawal limit is Rs 500 and in multiples of Re 1 thereafter and the maximum withdrawal limit through Instant Redemption facility is Rs 50,000 or redeemable balance whichever is lower.Instant Redemption is valid for only Smart Saver Fund
Do I need to inform my Bank or fill up an ECS form at my Bank to enable recurring payments for SIPs
For your convenience, we have set up a completely online process to debit your SIP installments. You can set up recurring payments for your SIP installments right here on the Freecharge app, without any paperwork.
How can I start Investing on FreeCharge App?
Investing through Freecharge app is very simple. Simply click on Mutual Funds and select the fund you wish to purchase. Enter your PAN details and provide us some basic information (we need this information one time only). Make payment using your debit card or Netbanking.
How do I redeem my investment?
You can redeem simply by using Freecharge app. Click on Mutual Funds -> View details and then click the 3 dots on right against the mutual funds name and click on "Redeem". The amount will be credited into your Bank account (which you have provided to us) by the Mutual Fund compa...
Why should I prefer Freecharge Investment option over other options ?
We have a very simplified and fast process for investing without the need of any document submission. The investment is instant and paperless.
Can Purchase be rejected due to Incomplete or Incorrect KYC?
Yes, If the details mentioned are Incorrect or incomplete in KYC then the Purchase can be rejected by the mutual fund company.
What are the benefits of ELSS apart from Tax Saving?
ELSS (Equity Linked Savings Scheme), is more than just a tax-saving fund. It also offers you the advantage of wealth creation (growing your money) by keeping your investment locked-in for 3 years. It's the scheme which offers both the benefits of tax savings and wealth creation.
How much time it takes for normal redemption payout?
For liquid funds, the redemption is usually done within 1-2 working days. For debt funds it is usually 2-3 working days and for equity funds it is usually 3-4 working days. The fund house will credit the money directly into your Bank account (which you had provided during your si...
