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Mutual Funds
Mutual Funds
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.
My account is debited, but my transaction status is showing as Failed on the app.
Don't worry, the amount will automatically be refunded to your source account within 5-7 working days.If you have still not received the amount within specified time, please raise a query through "Need help" on your app.
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
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...
Will I be charged extra for investing through Freecharge
There are no charges for investments made through Freecharge
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.
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...
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 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...
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...
