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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.
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.
What is the payment option available for investing?
The current payment option is Net banking.
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.
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.
Where should I browse in the Freecharge app for better understanding of Mutual funds and investing in Mutual funds?
The Mutual funds product in the Freecharge app has introduced a new Guide section, which will give all information, knowledge and tips to invest in Mutual funds. Steps to reach the "Guide" page - 1. Open the Freecharge app 2. Click on the "Mutual Funds" option under the "Invest...
Why do we recommend certain Banks for setting up payments?
We want to provide you the flexibility of using your Mutual Fund account that you set up with us to make any type of Mutual Fund investment. Only select Banks offer this functionality where you can set auto-debit instructions for SIP installments online. If you have an account in...
Why Should I invest in Tax Saver or ELSS Funds?
ELSS is considered one of the best tax saving instruments. It has better liquidity(lower lock-in period) compared to other options like NSC and Public Provident Fund. Also the fund not only helps you save tax but also helps in growing your money. ELSS products stand out among all...
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 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...
