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Mutual Funds
Mutual Funds
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
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.
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.
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.
What is a Mutual Fund ?
A Mutual Fund is a vehicle for investing in stocks and bonds. It is not an alternative investment option to stocks and bonds, rather it pools the money of several investors and invests this in stocks, bonds, money market instruments and other types of securities. The owner of a m...
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...
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" post OTP verification. The amount will be credited into your Bank account (which you have provided to us) by...
How many CAS files can I upload?
Through your manual flow you can upload your CAS as and when required,basis your investments
What is Equity Linked Savings Scheme?
An Equity Linked Savings Scheme (ELSS) is an open-ended Equity Mutual Fund that qualifies for tax exemptions under section (u/s) 80C of the Indian Income Tax Act.
