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Mutual Funds
Mutual Funds
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.
How do I pay for SIPs every month?
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. Flexibility to set up recurring payments for your SIP installments...
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...
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...
Why should I upload CAS?
Uploading your CAS will help us with importing all your funds at once place and view the overall investments at once in our dashboard on Freecharge.
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 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...
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...
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.
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.
