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Mutual Funds
Mutual Funds
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...
Why should I invest in liquid funds? What are the benefits of these funds?
Ideally one should invest in liquid funds when there is surplus money lying idle and needs to be deployed for a short period of time.Benefits:Investments in liquid funds are considered low risk/moderately low risk investments.These funds have historically given better returns tha...
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.
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...
What is the minimum Investment amount required ?
You can start investing with as little as Rs. 100. However, the amount may vary from fund to fund, you will be guided on the minimum investment amount on the fund page.
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.
Will I be charged extra for investing through Freecharge
There are no charges for investments made through Freecharge
I am unable to invest through Freecharge
As mandated by AMFI, you have to do your Mutual Fund KYC (Know your customer) before you can invest in Mutual Funds. Once you do your Mutual Fund KYC, you can invest in any Mutual Fund. Please complete your vkyc on our application and complete investing on Freecharge Mutual funds...
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...
What will be the applicable NAV for the redemption incase instant redemption is done?
For redemption received up to 3 P.M. - the lower of (i) NAV of previous calendar day and (ii) NAV of calendar day on which application is received shall be applicable.For redemption received after 3 P.M. - lower of (i) NAV of calendar day on which such application is received and...
