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Mutual Funds
Mutual Funds
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...
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.
Is there any entry or exit load?
No, there are no entry or exit loads in Liquid Funds and in ELSS Funds
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.
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.
Disclosure regarding distributor commission
Below are the details of commissions (up-front and trail) which FreeCharge Payment Technologies Limited (ARN: 146145 ) / Accelyst Solutions Private Limited (ARN:116600) receives, as a distributor of mutual funds Fund Type: Liquid, Commission: Up-front Nil Trail 0.05-0.1%Fund Typ...
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
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.
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.
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...
