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Mutual Funds
Mutual Funds
Can I redeem anytime?
The option to redeem the complete amount or partial amount is dependent on the Fund type you have chosen. e.g. Liquid Funds can be redeemed anytime whereas Tax saver funds have a lock in period of 3 years.
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...
How can I pay for the fund which I want to purchase?
You can use your debit card or purchase through Netbanking (using the Bank account that you had provided us during the set up of your Mutual Funds account)
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 download the application form from the download section of "http://www.cvlindia.com/"....
How is NAV calculated?
The performance of a particular scheme of a Mutual Fund is denoted by Net Asset Value (NAV). In simple words, NAV is the market value of the securities held by the scheme. Mutual Funds invest the money collected from investors in securities markets. Since market value of securiti...
What do you mean by Cut-off time?
Well, the cut-off time in Mutual Funds is just a way to determine the price of the unit or NAV that will be applicable when buying or selling 'units' of your Mutual Fund scheme. The NAV will be given to you depending on the time you purchase the fund.
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.
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 pay for SIPs every month?
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. Flexibility to set up recurring payments for your SIP installments...
