Hi, how can we help?
We've got your back. If your questions aren't addressed, contact us here and we will be happy to help
Mutual Funds
Mutual Funds
How do I know that my money is secure when I invest through FreeCharge?
FreeCharge has tied up with some of the biggest Mutual Fund companies of the country and offers you the top rated funds offered by these companies. Any purchase done by you on Freecharge app is sent to the RTA (Karvy, CAMS) post which the Mutual Fund companies allot the units.
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 does Investing through FreeCharge in Tax Saver Fund help in saving tax and provide high returns?
Investing money through FreeCharge in 'Tax Saver Fund' is a great way to get double advantage of tax saving and high returns.Freecharge will invest your money in ELSS funds.Investments in ELSS funds are exempt from income tax up to Rs 1.5 Lac. ELSS funds invest in equities and eq...
What are liquid funds?
Liquid Funds are managed with an endeavor to generate income over short term by investing into debt and money market instruments. The primary objective of liquid funds is to facilitate short term parking / investment of surpluses.Therefore from a structure, risk, return & managem...
How much Tax can I save by investing in ELSS funds?
You can save tax upto Rs. 46,800 per year by investing in ELSS funds if you invest Rs 1,50,000 and you fall in the highest tax bracket of 30%. Tax saving will be proportionately reduced subject to the taxable income and investments. The tax benefits are as per the current income...
How can I do my KYC ?
If you are an existing investor with valid mobile no., we will not do KYC again. Else we need your Aadhaar No. with updated mobile no. in Aadhaar records to do your instant KYC on our platform in a paperless manner. KYC is a pre requisite to invest in mutual funds. If your mobile...
Is there any entry or exit load?
No, there are no entry or exit loads in Liquid Funds and in ELSS Funds
What happens if I missed a SIP?
If you have missed a SIP installment, your investment into the SIP for this month will not be possible. You can still invest in the chosen fund in Lump Sum mode for that month.
When will my account be debited towards SIP payment
The recurring payments are deducted using E Mandate facility. The funds are deducted from your account and then sent for purchasing the Mutual fund that you have selected. To ensure that you always get the NAV of the chosen SIP date, the funds are deducted 1 working day in advanc...
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...
