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Mutual Funds
Mutual Funds
Can Purchase be rejected due to Incomplete or Incorrect KYC?
Yes, If the details mentioned are Incorrect or incomplete in KYC then the Purchase can be rejected by the mutual fund company.
What will be the applicable NAV for the redemption incase instant redemption is done?
For redemption received up to 3 P.M. - the lower of (i) NAV of previous calendar day and (ii) NAV of calendar day on which application is received shall be applicable.For redemption received after 3 P.M. - lower of (i) NAV of calendar day on which such application is received and...
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.
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...
I am unable to invest through FreeCharge
As mandated by AMFI, you have to do your Mutual Fund KYC (Know your customer) before you can invest in Mutual Funds. Once you do your Mutual Fund KYC, you can invest in any Mutual Fund. Please download the application form from the download section of "http://www.cvlindia.com/"....
How does Investing through Freecharge in Smart Saver Fund provide high returns on idle money?
Investing money through FreeCharge in 'Smart Saver Fund' is a great way to get potentially higher returns on your idle money.Freecharge will invest your money in Liquid funds which can grow your money faster than most savings A/c or FD. Liquid funds invest in low risk or moderate...
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 the minimum Investment duration for ELSS Funds
Investment in ELSS schemes is subject to lock in period of 3 years from the date of allotment of units.
How can I pay for the fund which I want to purchase?
You can use your debit card or purchase through Netbanking (using the Bank account that you had provided us during the set up of your Mutual Funds account)
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.
