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Mutual Funds
Mutual Funds
When will I get the investment proof
The investment proof for tax saving under section 80(c) will be available instantly on your email and you can also download the investment proof by visiting the portfolio for tax saver fund.
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...
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...
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.
When can I withdraw my investment amount?
For Tax Saver Fund, the withdrawal can happen after the lock-in period of 3 years. The time taken for such withdrawal is within 2 working days.For Smart Saver Fund, the amount eligible for instant redemption can be withdrawn in 30 minutes and the remaining amount can be withdrawn...
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...
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
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...
Can I change my PAN number in my Mutual Fund account?
No, you can not change your PAN number once you have successfully created your Mutual Fund account with us
